SecureBASE™ XML is an automated residential property information and replacement cost solution designed to help the Mortgage and Banking industries mitigate risks in their portfolio by analyzing and maintaining accurate information on collateral risks.

Origination: Quickly determine adequate replacement cost amounts, validate hazard insurance binders to ensure that the amount of coverage meets your investors hazard insurance requirements, or perform a cross check on the cost approach in the URAR with SecureBASE. Trust your due diligence to SecureBASE.

Servicing: Ensure that the on going hazard insurance requirements are met during servicing with SecureBASE™ XML portfolio insurable interest analytics. Whether monitoring for sufficiency of coverage or determining adequate replacement cost coverage for forced place insurance requirements, SecureBASE™ replacement cost values are readily accessible via the Web or through XML.

Appraisal: SecureBASE™ AARCA (Appraiser Assisted Residential Cost Analysis) Report provides accurate structural cost approach calculations that lenders can actually recreate! AARCA is the most accurate cost approach tool on the market for residential structures because it goes down to the neighborhood level, and is not based on zip code averaging.

Appraisal Review: For Chief Appraisers and review appraisers, SecureBASE™ XML Appraisal Review (Cost Approach) Report provides an easy but comprehensive check on cost approach calculations. The reports are broken down component by component so it's easy to verify the details of the calculations performed in the appraisal.

Forced Placed Insurance: Protecting collateral from risk of loss is risky business if you don't have a defensible replacement cost amount to rely on. SecureBASE™ XML for forced placed purposes provides the right kind of due diligence when making forced placed coverage decisions.

Loan Pool Portfolio Review: SecureBASE™ XML and Web can produce analytics on thousands of loans in about an hour. Whether looking to review hazard insurance coverage sufficiency on scratch and dent loans, or whether seeking to determine the percentage of land to value in a loan pool before purchasing or selling a pool, SecureBASE™ analytics is a one of a kind first to market solution that will give you the timely information necessary to make informed decisions.

Due Diligence and Compliance: SecureBASE™ XML is a lender's due diligence and compliance must have so lenders and investors have confidence that loans are funded according to guidelines. SecureBASE™ helps lenders meet their fiduciary obligations to their investors when it comes to hazard insurance sufficiency.

Accurate Neighborhood-Level Replacement Cost Data

Bluebook's replacement cost data is widely used throughout the U.S. and Canada. For well over 40 years, it has been a leading replacement cost source now covering 680 cost categories and nearly 100,000 component prices. The Bluebook database is one of the most comprehensive and accurate available.

Input the address and zip code to receive detailed property information and replacement cost details. Manual overrides on the system allow you the flexibility to supplement data in cases where additional information on a property is available. Use SecureBASE™ XML to determine the replacement cost on a single property or on an entire portfolio of policies (for example, a portfolio of renewals) - the choice is yours.

SecureBASE™ XML provides a replacement cost for a residence within minutes, along with its current market valuation, property information and building characteristics, and a host of neighborhood and other underwriting information. It integrates data regarding physical attributes gained from a variety of proprietary and directly integrated industry sources to provide clients with a detailed profile of each property and a truer insight into the nature of the collateral risk.

Raw data can be provided in a variety of formats for bulk processing with SecureBASE™ XML. After processing, the results are returned and fed back into the insurer's database for use in internal applications such as policy-management applications or rating engines. The results can also be viewed on an individual basis through the web-based delivery system. Summary reports on the batch are available and can be customized to report on a variety of different types of information, providing overall conclusions and averages on the batch.

Whether you access SecureBASE™ via the Internet or via your own business handling system, built-in security safeguards protect the sensitivity of the information and limit unauthorized viewing or access to data.