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Compliance a priority
Accurate flood-zone determinations are critical to the origination of high-quality mortgages and to ongoing compliance with federal mandates. Mortgage professionals hoping to ease the burden of keeping up with shifting federal requirements and changing floodplain-management maps can team with information-providers that make it their business to keep you compliant.
These providers typically offer services for the life of a loan, such as:
Loan-portfolio compliance review;
Real-time flood determinations;
Tracking and reporting for flood-map changes;
Home Mortgage Disclosure Act services;
Nationwide coverage; and
A premier selection of insurance- providers.
Mortgage brokers and loan originators with access to accurate and up-to-date flood-zone determinations can better guide clients through property purchases and potentially save themselves, their clients and their lenders untold amounts of time and money.
Greg Holmes is national director of sales and marketing at Credit Plus Inc. in Salisbury, Md.
Credit Plus has been a provider of credit and mortgage-information services since 1928. Reach Holmes at email@example.com.
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