Estimated read time: 3 min
This article helps users understand how Risk Profiles drive the compliance audit process.
Overview
The Advocate Platform utilizes unique risk profiles based on each Client. These profiles allow the system to understand which compliance requirements apply to the Policies in a Case.
Users can leverage many different risk profiles across their portfolio, but only one risk profile can be applied to each Case.
Applied Risk Profiles can be seen from the Case Overview page.
Case lifecycle flexibility is built in, allowing different rules to apply for pre-close vs. post-close phases, ensuring accuracy at every stage.
How Advocate Assigns Risk Profiles
Advocate auto-assigns the correct risk profile to each Case by analyzing key attributes, including:
Lender or investor program
Collateral type (multifamily, single-family rental, mixed-use, etc.)
Regional and environmental risks (e.g., flood, wind, or wildfire exposure)
Conditional Rule Logic
Advocate uses layered rule logic, allowing for conditional rules based on specific scenarios. Examples include:
"Add auto liability if vehicle exposure exists"
"Use higher wind deductible threshold for Florida multifamily properties"
"Require terrorism coverage for high-value NYC office towers"