GREENVILLE, S.C.--(BUSINESS WIRE)--Armada Analytics, a leading provider of commercial real estate underwriting and asset management services, announces the acquisition of Anabranch Flood, a flood risk services provider, adding to their growing list of services that include zoning reports, acquisition due diligence, insurance review, and more.
Leading Armada’s flood risk services department will be Reid Rechel, who founded Anabranch Flood in 2008. Anabranch Flood’s products were created to give lenders and insurance companies a different approach to flood risk information. Under Mr. Rechel’s vision, Anabranch found better ways to help its clients better understand their data, make confident decisions, and skip the hassles associated with standard flood certification services. Armada will continue to offer the same services that Anabranch Flood was known for, but under the Armada Analytics umbrella.
In the Anabranch Flood fold, Armada Analytics will take a different approach to flood risk assessment and counsel than other flood determination companies to ensure a better consumer experience. Services now include manual flood determinations, life of loan tracking services, full LOMA preparation and Instant e-LOMAs, as well as solutions to unique compliance requirements.
“Adding flood risk services is another opportunity to streamline and improve the due diligence required to finance real estate in today’s flood risk-focused environment,” commented Russ Ming, executive vice president and COO of Armada Analytics. “It also furthers one of Armada’s goals of expanding its service offerings and expertise available to the residential market, while adding value to our commercial customers.”
Armada’s new division will help lenders to make smarter decisions with its innovative property reports; receive more reliable assessments with its manual verification process; and to experience prompt, personal service from its state-side staff.
“This is a win for everyone involved,” says Mr. Rechel. “Customers can continue to expect the superior quality and service they’ve received from Anabranch Flood, but with the combined strength of Armada’s full product line and expertise.”
For additional information, contact Russ Ming at (248)648-1925 or email.
About Armada Analytics
Armada Analytics is a privately-owned commercial real estate contract services company specializing in mortgage debt and investment analysis. The company offers pre-screen and full underwriting, asset management, zoning compliance reports, insurance review, flood risk services, and site due diligence. Visit www.armadaanalytics.com for more information.