FLOOD DETERMINATIONS
Flood Hazard Determination Made Easy
Determining Flood Hazard requirements has never been so easy. With regulatory changes
that mandate flood compliance by lenders, it’s crucial that you use a provider that
could service your needs expeditiously and efficiently. With instant access to our highly
intuitive website, your institution can fulfill certifications on over 94% of your
inquiries and have flood determinations printed immediately.
Click for Flood
Determination now! |
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Failure to Comply
Failure to comply with the National Flood Act of 1998 can happen several ways:
- Failure to timely or properly complete the Standard Flood Hazard Determination Form on
covered loans
- Failure to give the borrower the notice of flood hazards within the right time frame
- Incorrectly calculate the amount of insurance required.
All of these can cause federal regulators to impose civil penalties that can cost your
institution tens of thousands of dollars annually. Now is the time to call FICOR to make
sure you are adequately covered. |
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They worked very quickly and efficiently
auditing our collateral loan files and within two weeks we were utilizing the FICOR
program. This program has provided us with a current, accurate and easy to use
system.
FICOR gives such professional and personalized service, you get the
impression you are their only client. |
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St. John's Employees Credit Union
Springfield, MO |
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