Strategic Plan and Goals

Who we are

The National Lenders' Insurance Council was formed in 1994 as the "National Lenders' Flood Committee." In 1996, NLIC was incorporated as a non-profit trade association whose mission is to reduce insurable losses to assets for property owners through government/industry partnerships, education and dialogue. Our vision is for regulators, investors, lenders, servicers, insurers and other responsible industry members to come together to foster an environment in which economic hardship for property owners across the nation can be eliminated.

NLIC’s Srategic Plan

Each year property owners face losses due to disasters and other unforeseen events. These losses create hardships for property owners and potential loss of assets for lenders and investors.

The members of the National Lenders' Insurance Council envision a climate which promotes risk awareness, compliance and provides insurance solutions for property owners, lenders, servicers, and investors in managing the risk of loss due to natural disasters and other unforeseen events.

To realize such a vision, the members of NLIC direct it to pursue and fulfill its primary mission, which is to assist its members in reducing insurable losses to assets for property owners. To implement that mission, NLIC will focus on two key strategic goals:

Education
The goal is to conduct information and education programs designed to inform lenders, servicers, and others commonly interested in our mission how to reduce losses to property and assets which could be caused by natural disasters and other unforeseen events. Key Initial Projects include national training seminars on various issues, including an insurance/lender designation course, quarterly newsletter, the sale of our Flood Guide for Lenders & Servicers and supplement, fax on demand service (articles and other writings from a menu), and an annual survey of members.

Industry Government Partnerships
NLIC will work towards ensuring that there is a proactive alliance among the lending, servicing, investor and carrier groups with lawmakers, regulators and agencies for establishing and enacting constructive laws and regulations and reduce risk, ensure compliance and provide coverage for losses due to disasters.

The goal is for the mortgage lending and supporting industries to establish and maintain an open dialogue among themselves and with lawmakers, regulators and agencies for a better understanding of risks so that better mitigation opportunities can be found to reduce loss and the financial impact on property owners resulting from insurable disasters.

Industry and government will form a partnership to use this information for the purpose of making and implementing better laws, regulations and public policy. Key initial projects include establishing formal and informal networks to increase communications among all groups, proactively seeking to provide representation at related conferences, monitoring natural disaster legislation, communicating information through NLIC committees, conducting sessions at the annual National Flood Conference, and working with the Technical Mapping Advisory Council to ensure high quality flood maps.