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.
Leadership | FirstClose solutions, both through our web interface and our LOS integrations, offers lenders the efficiency and cost reduction tools needed to stay competitive in today’s market place. With the increasing regulations coming out of Washington, it's important for lenders to find new and improved ways to stay compliant, while keeping closing costs and turn-times to a minimum.Patrick McClain, CFO/COO, FirstClose