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MortgagePoint August 2024

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7 August 2024 M T E C H » Title coverage at a lower cost, with competitive rates and no junk fees. Users have the potential to save up to 25%1 on average on closing costs in comparison to other providers; » Educational resources to help users understand the title insurance and settlement process; » Exceptional support delivered by the knowledgeable Radian Settlement Services team; and » Real-time status updates as each stage of the closing process are completed. "We're thrilled to collaborate with Radian Settlement Services to bring our home sellers access to the innova- tive titlegenius platform that offers a less stressful closing process," said PJ Mitchell, President of FIZBER.com. "This integration enables our users to close on their home sales with confidence know- ing they are supported every step of the way by Radian's experienced team." PRECISELY EXPANDS WILDFIRE RISK CAPABILITIES FOR ANALYSIS AND PREVENTION P recisely has announced expand- ed capabilities for its Wildfire Risk product. With access to additional Wildfire Risk Extreme mod- eling and data, customers can accurately assess critical risk factors, including environmental conditions, for rapidly spreading urban fires across the United States. Wildfire Risk, part of the Precisely portfolio of data products, now provides a highly comprehensive and contextual view of wildfire severity and frequency in densely populated areas—enabling cus- tomers to make more confident decisions for planning and prevention. The latest scientific research shows that the risk of extreme wildfires has doubled in the past 20 years. In the first six months of 2024 alone, nearly 20,000 wildfires burned over 2 million acres across the United States—an increasing threat that is particularly concerning in ur- ban areas. In line with this, recent studies indicate that the property value exposed to wildfire risk during a typical mortgage period is projected to more than double by 2025, reaching over $11 billion per year and impacting approximately 3.3 million households in the United States. "Urban conflagrations represent unique challenges, requiring tailored solutions that go beyond traditional risk analysis and planning," said Dan Adams, SVP and General Manager for Data Enrichment at Precisely. "With the threat of wildfires ever-increasing, we're humbled to be a trusted partner for customers responsible for protecting people, properties, and land across the United States." Unlike traditional wildfire datasets, Wildfire Risk combines new Wildfire Risk Extreme data with representations of landscapes that reflect the true char- acteristics of a given location. The tool considers the impact of different vari- ables such as the presence of vegetation or that of varying topography, including hills and valleys, which results in much more accurate and interpretable wildfire behavior analysis. It also evaluates the effects of sig- nificant weather events, including high temperatures, low humidity, and strong winds, critical factors in devastating wildfires such as the 2023 Lahaina fire in Hawaii. A team of experienced fire sci- entists with real-world wildfire expertise developed the product, guaranteeing customers a realistic and comprehensive view of potential risks. The powerful combination of Wild- fire Risk and Wildfire Risk Extreme data provides insights that are essential across a wide variety of industries, including: » Insurance: insurers can more easily identify underestimated property risks for accurate policy pricing and service

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