Home | Credit Reports | HartSoftware | Flood Cert. | Mortgage Reports | Collections About Us The Basics on Flood Every loan secured with real estate requires a flood determination. If property is within a flood zone, the lender will require flood insurance for the loan. By having properties certified, the client is always in compliance with the Flood Disaster Protection Act of 1973. A certificate places full responsibility for the flood determination on NFR. NFR is accurate 99.6% of the time. However if a mistake is made, the client is covered with our Errors and Omissions Insurance Policy of up $250,000 per household. Our Services Basic Determination A One-time Service in which the flood status of the property is determined based one the date of the current Flood Insurance Rate Map and the date the order was received. In other words, what is the status of the property for today only! Life of Loan If at any time FEMA updates their FIRM maps, and the flood hazard of the property changes, you will be notified within 60 days of the FIRM map update. (Includes a Basic Determination) Portfolio Review We will determine the flood status of each property of the portfolio by research similar to that done for our One-Time Service for an entire portfolio at your request. HMDA/ Census Tracking The HMDA/Census information includes: City, State, Census Tract and MSA code. Required for lenders who receive more than 100 loans per year.
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