Safeguard has been recognized on the 2015 HW TECH100™ list of the 100 most innovative technology providers in the housing industry because of its MapAlert® system. MapAlert provides the ability to monitor, manage and protect housing portfolios through visual mapping and analytics
Safeguard Named to 2015 HW TECH100™ List
March 11, 2015
Safeguard Properties, the largest field services company in the U.S., is pleased to announce that it has been named to the 2015 HW TECH100™ list of the 100 most innovative technology providers in the housing industry.
The award, in its second year, received more than 250 entries, with only 40 new companies making the list. This was Safeguard’s first year entering the competition.
“Big data analytics is a natural fit for the mortgage servicing industry. Our clients’ portfolios of residential properties are located in virtually every community in the U.S. It is our mission to provide preservation services and innovative technologies that proactively protect those communities. MapAlert® continues Safeguard’s tradition of investing in technologies that help solve the industry’s most challenging problems,” said George Mehok, Safeguard Chief Information Officer.
MapAlert is a software-as-a-service geographical information system (GIS) designed specifically for residential mortgage companies and real estate asset managers. MapAlert provides the ability to monitor, manage and protect their investments through visual mapping and analytics. In addition, MapAlert’s cloud framework can handle millions of properties and hundreds of analytical variables allowing clients to customize their filters and reports to be as general or as specific as they choose.
“Presenting complex data visually using GIS technology helps our clients’ to make quicker and more effective decisions at the regional, local or community-block level. By geo- locating millions of properties, and overlaying real-time weather data from the most trusted sources, our clients can immediately assess the impact to their portfolio,” said Amitha Rao, Safeguard AVP of Data Analytics and Client Systems.
Traditionally, it has been very challenging for mortgage servicers to identify properties affected by weather or other types of events that can potentially damage properties. It could take days, weeks or months depending on the scale of the disaster. With MapAlert, the impact of a severe weather event can be assessed within minutes allowing for preservation activities to be dispatched with greater precision.
“This year we were struck by the level of innovation we saw, with 40 new additions to the HW TECH100. That speaks to how much change is taking place in the mortgage industry overall right now; we’re seeing a lot of market disruption, and technology providers are clearly taking advantage of the opportunity that creates,” said Jacob Gaffney, HousingWire Executive Editor.