Flood Determination Services

Whether you're processing a first position loan or a second refinance, our complete line of origination products keeps the process moving smoothly. Our flood determination services help you maintain compliance with federal regulations while mitigating your flood risk.

Basic Flood Determination

We guarantee our flood determinations meet all federal regulation requirements. Basic Flood Determinations provide you with a Standard Flood Hazard Determination Form, needed for compliance purposes, and the flood zone information necessary to determine whether flood insurance is available or required. As required by federal regulations, every determination is based on the currently effective FEMA Flood Insurance Rate Map. To obtain a fast and accurate response, we process the determination through our comprehensive database of digital maps, parcels and previously determined properties. Our technology streamlines the process, returning your completed determination quickly.

We return all determinations on the FEMA Standard Flood Hazard Determination Form, which includes the following information:

• Special Flood Hazard Area status
• Flood zone designation
• National Flood Insurance Program (NFIP) eligibility
• NFIP Community Number
• FEMA Flood Insurance Rate Map and panel number
• Coastal Barrier Resources System status
• Letter of Map Amendment or Letter of Map Revision applicability

Refinance/Related Loan Determination

When your borrowers request refinancing, piggyback loans or simultaneous second mortgages, our low-cost refinance/related loan determination is a quick, cost-effective solution. Simply provide us the original or related loan number and we'll produce a determination.

In a refinance situation, we create a second determination and simultaneously monitor both records for future flood map revisions until we receive cancellation notification on the first loan. For related loans, we continue to monitor the first and second loan records. In all other respects, the refinance/related loan determination is identical to our standard life-of-loan flood determinations.

Special Properties Determination

Our Special Properties Determination is a unique product specifically developed for commercial and construction lending. We make it possible for you to receive large-tract determinations with building-specific information to ensure that you know which buildings fall within the special flood hazard area.

While federal regulations do not require a Standard Flood Hazard Determination for raw land or large development tract loans, we provide valuable information to cut costs down the road. Our Special Properties Determinations can identify whether a large development tract is inside, outside or partially inside a special flood hazard area. In addition, when you’re dealing with subdivisions, our product can identify which lots are within the flood hazard area. This capability eliminates the need to order individual lot determinations by providing one determination covering all lots, saving you time and money. As you develop the lots and purchase loans are made, lenders may receive individual flood determinations on the applicable loans.

Along with an initial determination, we provide life-of-loan monitoring for Special Properties Determinations. Related/refinance loan determination options are also available.

Industry-Leading Life-of-Loan Service

Basic Flood Determinations provide the valuable flood information you need at closing. In this age of flood map modernization, however, flood hazard areas frequently change, potentially affecting your loan portfolio. Currently, FEMA is actively engaged in a multi-year, multi-million dollar project to revise flood maps to more accurately reflect the current flood hazard area conditions. Properties previously located outside the flood hazard area may be inside following a revision, possibly impacting your risk and compliance requirements.

Our fully transferable life-of-loan flood determinations guarantee you have current, reliable flood data over the life of the mortgage—regardless of the extent or geographic area of flood map changes. It's the industry's most widely recognized life-of-loan product, with 16 of the top 20 servicers accepting or requiring life-of-loan monitoring from CoreLogic. That means peace-of-mind with your loans and enhanced marketability should you decide to sell your portfolio.

After the initial determination is completed, we continually monitor the property for any flood map revisions—including Letters of Map Amendment or Revision—that might change the loan's insurance requirements.

When FEMA revises a flood map, we send you notifications for any affected loans, along with an at-a-glance summary. Notices can be automatically uploaded into your servicing system or sent in electronic format. We also provide optional borrower notifications with every updated flood zone determination for those situations in which borrowers need to be notified that flood insurance will now be required based upon a revised flood map. This makes it easier for you to fulfill your compliance requirements.

Census Tract Data

To help you comply with the Home Mortgage Disclosure Act and the Community Reinvestment Act, census tract data is available with any of our products and services.

A Census Tract Determination is an indication of the subject property's location with respect to MSA and census tract boundaries as defined by the United States of America Bureau of the Census.

CoreLogic's wide range of connectivity options means fast, streamlined ordering, tracking and delivery. Let our connectivity specialists design an optimal system that’s fully compatible with your platform.

Real-Time Interfaces

Our most popular connectivity solution is our XML interface. This interface delivers real-time responses and supports the majority of our website's functionality, including new orders, cancels, edits and disputes. Secure connectivity is available using https. Through the XML response, a completed flood determination is returned with the associated flood information as well as an embedded PDF of the FEMA form. Our XML interface is MISMO compliant in the flood response for versions 2.3.2 and 2.4.

Take advantage of industry-standard interfaces through our secure data centers