flood insurance regulations require that lenders evaluate
any property used to secure a loan to determine whether or
not flood insurance is necessary. This protects both the
borrower and the lender. Not only does Credit Lenders
offer affordable Flood Hazard status determinations, we guarantee
the accuracy of our work.
FLOOD ON-SITE INSPECTIONS
Flood Inspection measures a dwelling’s perimeter and
its distance from the street, curb, or property lines. A
flood zone must be determined based on the dwelling, not
on the property.
Flood insurance requirements based on only a partial zone
of the property, may not be in compliance, and therefore,
expose you to the risk of individual or class action lawsuits.
This certification determines if a given
property is “totally in,” “partially in,” or “totally
out” of a Special Flood Hazard Area (SFHA). To make
these determinations, we use an automated system which
produces instant certifications on 85% of all work ordered,
as tax maps, FEMA flood maps,
maps, topical maps, aerial maps, etc. This service does
not include monitoring of the flood hazard status after
LIFE OF LOAN PROTECTION
In addition to making
flood hazard determinations, we can also monitor the
flood hazard status on a property for as long as the loan
force, even if the property
or transferred through FEMA updates.