Our Flood Team provides an extensive range of flood services designed to address the complex needs of financial institutions. From tracking flood policy renewals and managing invoice processing to conducting in-depth insurance reviews and generating custom reports, we offer solutions that ensure your internal and regulatory compliance requirements are met. Our expertise in flood compliance allows us to stay ahead of industry trends and regulatory changes, so you can focus on your core business activities.
Stay informed with the latest regulatory flood updates from our flood compliance department. Let us help you navigate the intricacies of flood-related regulations and maintain compliance in an ever-changing landscape.
Private Flood Certification
In accordance with the Biggert Waters Act of 2012, an in-depth review of the borrower’s insurance policy against the applicable SFIP is completed and the findings are presented to the lender for final decision.
Policy Compliance Certification
Prior to policy renewal, minimum required flood coverage calculations for collateral located in a SFHA in accordance with the lenders policies and procedures and federal and state regulations. After the coverage is in force, a compliance certification is completed which provides a snapshot of the policies adequacy related to regulatory requirements.
Map Change Notification
Custom notices delivered to the borrower anytime their collateral maps into a SFHA or maps out of a SFHA.
Quality Control & Audit Support
Custom KPI or KRI reporting delivered on a monthly or mutually agreed upon basis.