Matt Huber, Managing Group Director of Flagstar Bank’s Healthcare Banking and Finance Group

Matt Huber, Managing Group Director of Flagstar Bank’s Healthcare Banking and Finance Group, shares the significance of using the NIC MAP platform to underwrite senior housing and care loans. The data provided by NIC MAP allows his organization to efficiently assess loan viability. Without NIC MAP, Huber’s staff would spend hours searching for the data that NIC MAP provides instantaneously.

“NIC MAP is an integral part of our underwriting for senior housing and care loans. It’s the only way we get comfortable lending money to a facility in a community that we may not be familiar with,” says Huber. “The level of detail and the community information is just unparalleled. I don’t know where else we would go to get the type of data that we need.”

With NIC MAP, clients like Flagstar Bank can customize the information and the reports they get from the platform based on the criteria they need.

“Time is money,” Huber said. “I’d probably have to spend a lot of money to buy access to different databases and then coalesce the information. I don’t have to do that with NIC MAP. It’s all there.”

NIC MAP tracks more than 35,000 properties nationwide, with rate and occupancy data provided for 140 markets – offering a one-source solution for senior housing stakeholders.

Video Transcript

NIC MAP Vision is an integral part of our underwriting of all senior housing and care loans. This is the third healthcare platform that I’ve developed for a regional bank, and it’s a requirement that I’ve added to all of our credit policy because there’s nothing else like NIC MAP Vision. It’s a one-source solution. It’s the only way that we get comfortable lending money on a facility in a community that maybe we’re not familiar with. The level of detail and the community information is just unparalleled — I don’t know where else we would go to get the type of data that we need. If I didn’t have NIC MAP Vision, I’d have to have my staff spending hours scouring the internet and other sources to come up with the same data. The way it’s user-friendly, it’s quick, the training is fantastic, and people are really efficient in using the system. It saves them time — time is money. I’d probably have to spend a lot of money to buy access to different databases and then coalesce the information. I don’t have to do that with NIC MAP Vision; it’s all there. NIC MAP Vision enables us to customize the information and the reports that we can pull from it. Every bank and every lender has their different view of what the risks are in a particular loan. Our bank has certain underwriting criteria, and our people can go into NIC MAP Vision and say here’s the criteria I need — they don’t have to comb through a bunch of data, they set the parameters and then they get the information. I don’t know another system that does that.