Calyx Point 7 Manual de usuario descargar pdf (Pagina 26)

Flood Certification

When your worksheet is processed, a flood determination request containing certain required

information is automatically and simultaneously forwarded via the Internet to the flood provider.

At this point, one of two things can happen:

(1) Automatic determination: the information will be located in the provider records and

automatically determine that the property is either in or not in a flood zone. If an automatic

determination is made, the loan document package will automatically include:

• "Standard Flood Hazard Determination" form; and

• If the property is determined to be in a flood zone, a "Notice of Special Flood Hazards

and Availability of Federal Disaster Relief Assistance" form.

Or (2) Manual determination: a determination cannot be made until a researcher from the

provider conducts a manual search of the flood zone database. If additional research is required,

the loan document package will automatically include:

• A "Flood Hazard Determination Request" form

• A "Flood Zone Notification" form.

We currently anticipate that the majority of flood determination requests (over 80%) will result

in automatic determinations, which are complete as soon as the customer receives the loan

document package. In the remaining cases, a manual determination must be made and it will be

the responsibility of the flood provider to follow up with the Doc Magic customer directly.

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Calyx Point 7 Manual de usuario Pagina 26