Due to recent natural disasters occurring in large metro areas and regions which our client base lend heavily in, it is important we begin providing the appropriate products in our pricing engine to accommodate their needs. The FHA 203(h) program is precisely this product which is exclusively for borrowers who's homes are in a Presidentially declared disaster areas (PDDA). Sebonic anticipates these to begin rolling in soon and require a solution sooner rather than later.
It would be ideal to provide a field that indicates whether the borrower is in a PDDA, however not required as long as it is a separate product. FEMA does release the counties typically affected by these, so perhaps to limit user error, only make it available in those counties?
|Revenue or Retention?||Retention|
|Impact to Existing Customers||Multiple|
|Customer ID(s)||28sebo01, 05titan01, 32mort01|
|Business Value||3 - Important to moderate number, moderate impact on brand, moderate competitive advantage|
|Urgency||3 - Moderately time constrained|