FEMA Flood Zone Determination

Xactus Can Provide You With Timely Flood Zone Determination & Other Reports Based On The Most Comprehensive & Up-To-Date FEMA Data Which Include:

• Basic, Life of Loan, and Special Property determinations
• Elevation Certificates and LOMA processing
• Automated Replacement Cost Value estimates
• FloodRisk reports with elevation and scoring
• HMDA Census Tract data
• Seismic Reports

Stay compliant with our Life of Loan determinations and updates:

A flood zone determination can change over time. FEMA is continually releasing updated maps due to changes in infrastructure, the environment, levee reclassification, technology advancements, etc.

Mortgage lenders and loan servicers are required to promptly notify property owners when there is a change in a flood zone determination affecting the mandatory purchase requirement.  Federal regulators enforce this notification rule. Lenders can be fined for every occurrence in which a borrower has not received notification of a change in flood zone determination. Xactus delivers peace of mind by meeting or exceeding all regulatory timelines for sending compliance notices.

Xactus offers three types of flood zone determination reports:

Basic

A guaranteed flood zone determination (FZD) that provides all the required FEMA flood map and community participation status information.

• Available within seconds of your request
• Updated and maintained with the latest FEMA flood-map determinations
• Census tract & HMDA services included

Xactus Flood Solutions flood zone determinations include a map exhibit pin-pointing the property location and showing parcel boundaries and building footprints with the FEMA flood layer overlay.

Life of Loan

A guaranteed FZD provides all the required FEMA flood map and community participation status information. The FZD is monitored for FEMA flood map revisions and community participation status changes for the term of the loan to maintain compliance with federal regulations and secondary market guidelines. Additionally, our life of loan FZDs are transferable between servicers. A consumer’s notification letter is included with a FZD for properties located in a SFHA (Special Flood Hazard Area).

Home Mortgage Disclosure Act (HMDA) information can be included in Life of Loan reports. We provide the four required elements for free: Census Tract, Metropolitan Statistical Area, County Code, and State Code. HMDA information can be ordered with a FZD or independently in batch format.

Special Property Life of Loan

A guaranteed Life of Loan determination that allows for multiple structures on multiple parcels. A custom exhibit is provided that identifies each structure’s zone designation.