Life-of-Loan Flood Tracking
Get life-of-loan or basic flood zone determinations in 30 seconds from a lender's choice of five vendors. This includes details of whether the property is in a flood zone as well as when the determination was made. Lenders will also see whether the National Flood Insurance Program is required or available in that area, and if so, if the regular program or the emergency program is available. The report further discloses whether the property is in a Special Flood Hazard Area.
The flood zone certificate will be attached to lender's completed report.
Client | Turn-time has significantly reduced over the year. I believe it’s dropped almost seven days, so it’s been a pretty big gain from that. We’ve been able to reduce our days-to-close roughly from 40 days down to about 30 days.Josh Hurley, Lending Supervisor, Umpqua Bank