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Our new Web-Based Mortgage Reporting systems allow lenders the ability to obtain Flood Zone Reports via GEOTRAC integrated within the system.

A wide range of products and services designed to meet the geographic data needs of lending institutions is provided through partnership with GEOTRAC’s innovative technology.

Flood Compliance Services

Flood Zone Determinations:  Geotrac’s more than 99% accuracy by targeting the insurable structure, not the property’s boundary lines.  Continuously updating information of FEMA Community Status, FEMA Flood Maps, Letters of Amendment and Map Revisions data, Geographic Information Systems (GIS) databases, Tax Maps, and aerial photography.  Provides all federally-required reporting elements plus:

bulletAvailability of flood insurance
bulletEstimated amount of flood insurance
bulletFreddie Mac, Fannie Mae and government lending restrictions
bulletRequired consumer notifications

Life-of-Loan Monitoring Services: Provides the required tracking for changes in FEMA/NFIP flood maps and Community Status designations.

bulletFull life of loan service
bulletFlexible life of loan service
bulletPortfolio review service

HMDA & Census Tract Data:  Satisfies Home Mortgage Disclosure Act data requirements.  Complete geographic elements in HUD-required format, including codes for city, state, county, MSA, census tract, and Block Numbering Area.

 

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