Accurate Flood Zone Determinations That Help Guarantee Your Flood Compliance
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 Zone Determination Services help you maintain compliance with federal regulations while mitigating your flood risk.
Basic Flood Zone Determination
We guarantee our Flood Zone Determinations meet all federal regulation requirements. Basic Flood Determinations provide you with a Standard Flood Hazard Determination Form (SFHDF), 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 Flood Determination is based on the currently effective FEMA Flood Insurance Rate Map (FIRM). To obtain a fast and accurate response, we process the Flood Determination through our comprehensive database of digital maps, parcel boundaries and previously determined properties.
Our technology streamlines the process, and over 93% of the time, returns completed Flood Zone Determinations within minutes.
We return all Flood Zone 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 Flood Zone Determination
When your borrowers request refinancing, piggyback loans or simultaneous second mortgages, our low-cost Refinance/Related Loan Flood Determination is a quick, cost-effective solution. Simply provide us the original or related loan number and we'll produce a Flood 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 Flood Determination is identical to our standard Life-of-Loan Flood Determinations.
Special Properties Flood Zone Determination
Our Special Properties Flood 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 Flood 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 Flood 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 Flood Determination options are also available.