Disaster Planning and Recovery
In This Section
Servicers need to actively manage the process of preparing for and managing natural disasters and other catastrophic events.
Overview: Servicers of commercial and multifamily loans need to prepare for and respond to natural disasters and other catastrophic events. The Business Strategy Committee and Insurance Stakeholders Committee of MBA's Servicer Council have documented the steps necessary to do so successfully in a whitepaper: Insurance: Responding to Natural Disasters and Other Catastrophic Events.