For 40 years, the CATIC name has stood for quality, value and convenience in title insurance. Now you can get that same CATIC excellence in even more of the services you use every day.
The key to a successful relationship is our team of experts that will be working with your firm to ensure that all of your Flood Compliance needs are handled.
CATIC's flood compliance program is provided by LPS National Flood. LPS National Flood is a part of a Fortune 500 company that is widely recognized and trusted within the industry. At LPS National Flood they understand that you and your staff expect prompt, courteous service. You can be rest assured that they will be responsive and professional. Just one of the reasons why CATIC selected LPS National Flood as a business partner.
Get the Best Flood Compliance Program!
Basic Flood Determination: A guaranteed flood zone determination (FZD) that provides all the required FEMA flood map and community participation status information.
Life of Loan Flood Zone Determination: A guaranteed FZD that 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, LPS National Flood's life of loan FZDs are transferable between servicers.
A borrower's notification letter is included with a FZD for properties located in a Special Flood Hazard area (SFHA).
LPS National Flood uses geocoding software in conjunction with reliable property location techniques to ensure compliance with the Home Mortgage Disclosure Act (HMDA). LPS National Flood provides the four required elements: Census Tract, Metropolitan Statistical Area, County Code, and State Code. HMDA information can be ordered with a FZD or independently in batch format.
LPS National Flood will monitor existing portfolio loans for flood map revisions, which satisifies the lender's requirement to track changes of flood insurance status. LPS National Flood will notify the lender if the flood hazard or community participation status changes for loans in the portfolio.
LPS National Flood can assign life of loan tracking to flood zone determinations performed by third party vendors. LPS National Flood will assume responsibility for updating flood zone information on the entire portfolio, which eliminates vendor management concerns and provides a comprehensive guarantee for all loans in the portfolio.
LPS National Flood has strategic alliances with several flood insurance companies to provide insurance policies, tracking, and forced-placement services (flood insurance obtained by the lender on behalf of the borrower for properties located in a SFHA).
For superior flood compliance services - at the best price - just remember one name: CATIC.
Call us at (888)473-3663, or e-mail us to learn more.