FLOOD
DETERMINATIONS
Delivering added value to your credit
reporting services.
Introduction
What is a Flood Determination?
• An official declaration stating whether or not a
property lies within a Special Flood Hazard Area
• Generically referred to as a “flood certificate”
• A certificate that protects investors and borrowers
by ensuring flood insurance is purchased for
properties in at-risk areas
Who uses Flood Determinations?
• Any federally-regulated lender or government-
sponsored enterprise is required to perform a flood
zone determination for any mortgage loan they
provide
Features
Fully embedded in the MCL system
• Integrated ordering and billing
• Available on Settlement Services Worksheet
(SSW)
Features
Ordering Options
• Life of Loan: Adds tracking for changes to flood status
for the life of the loan
• HMDA: Metropolitan Area and Census Tract information
provided for lender compliance with the Home Mortgage
Disclosure Act (HMDA), which requires federally-
regulated lending institutions to report public loan data
• Transfer: Transfers the existing flood to another lender.
This is used when the lender sells/transfers the loan to
another lender, and this feature is only available if the
flood has Life of Loan
• Re-Certify: Creates a duplicate/new flood report on the
property. This is used when the lender does a refinance
or equity loan, and is also only available if the flood has
Life of Loan
Enabling Customers to Pull Flood
Reports
Each customer must have their own Flood ID or
Login/Password from a flood provider (Geotrac or DPSI,
respectively).
We will first show you how to enable flood ordering for the
customer, then the flood ordering process.
Under the Admin section, click on Setup Customers.
Enabling Customers to Pull Flood
Reports
Enter your search criteria (or none to return a complete
customer list) and click the Search button.
Find the company you want, and click their name to enter
the Customer Setup.
Enabling Customers to Pull Flood
Reports
From the Customer Setup screen, click on the Other
Products tab, and scroll down to the Flood Report section.
Select a flood provider and enter in the Flood ID (Geotrac)
or User ID and Password (DPSI).
Flood Charges and Options
These fields allow you to set charges for flood reports and add-on charges
for: Life of Loan (guarantees the certificate issued to be good for the life of
the loan), HMDA (includes geostatiscal data in accordance with the Home
Mortgage Disclosure Act of 1975), and Rush Order (attempts a rush
order).
The options to Require Life of Loan and Require HMDA will always add
those options (respectively) when a client orders a flood report.
Once finished, return to the top of the screen and press the Save button.
Ordering Flood Reports
Login as a user and click on the Order tab.
Under the Flood Zone Determination section, click on the
Order Flood Determination link.
Ordering Flood Reports
Enter in the consumer’s name and property address.
Flood Report Options
Life of Loan: Guarantee that the issued certificate is good for
the life of the loan
HMDA: Include geostatistical data in accordance with the
Home Mortgage Disclosure Act of 1975
Rush Order: Attempt a rush order. Again, using this option
may incur an extra charge.
After selecting the desired Flood Report options, click on the
Order button.
Flood Order Results
This is the Flood results page.
The Flood orders will either return a Manual status, which
means the map technicians will have to manually process
the order (which can take 1-2 days), or the status will be
Completed.
Flood Order Results
Click on the View button to display the flood report.
Viewing the Flood Report
This is the Flood report. Close the report to return to the
results screen for more options.
Flood Order Results
Click the Re-Certify button to create a duplicate/new flood
report on the property. This can be used when a lender
does a refinance or equity loan on the same
borrower/property, and is only available if the flood has
Life-of-Loan protection and if the flood provider is Geotrac.
Flood Re-certification
Type in a New Loan # and press the Submit button.
Flood Re-certification Results
This is the results page of the re-certified Flood report.
Transferring a Flood Report
Click the Transfer button to transfer the flood report to another lender.
This is used when the lender sells/transfers the loan to another lender.
That new lender will also need risk change notifications for the life of
the loan. This feature is only available if the flood has Life-of-Loan and
if the flood provider is Geotrac. Note: We do not create a new flood
record, since the target lender may or may not be in our system.
Transferring a Flood Report
Select a lender to transfer the Flood to and enter in a New
Loan ID. If the lender is not listed here, please contact
Geotrac to have the lender added. Click on the Continue
button to submit the order.
Transferred Flood Results
This is the transferred Flood results page. Click on the
Close button to return to the Main menu.
Checking Flood Status or Adding
Options
To check the status of a Flood Report or add more options
to a report, click on the Find Flood Determination link.
Checking Flood Status or Adding
Options
Enter in the search criteria (or none to return a complete
list) and click on the Submit button.
Checking Flood Status
The status of the Flood will be displayed under the Status column.
The following states are used for status:
NEW: New entries that haven’t been processed
PENDING: Entries waiting for a response from Geotrac
MANUAL: Entries where Geotrac is looking up information
manually.
COMPLETED: Completed entries
ERROR: Entries where processing has failed
CANCELLED: The request was cancelled by the user
TRANSFERRED: Flood was transferred to another lender
Adding Flood Options
Under the Borrower column, you can click on the
consumer’s name and property address to add more
options to the existing Flood report. This example will
show you how to add a Life-of-Loan onto an existing
report.
Example: Adding Life-of-Loan
This is the results page of an existing Flood report. Click
on the Add Life-of-Loan button to add a Life-of-Loan to this
report.
Example: Adding Life-of-Loan
Click OK to confirm the order.
Example: Adding Life-of-Loan
Life-of-Loan is now added onto the existing report. This
concludes the tutorial. The next slide contains contact
information for the flood providers Geotrac and DPSI.
Reference
Flood Providers
• Geotrac
www.geotrac.com
1-800-436-8722
• DPSI
www.dpsi-corp.com
1-800-736-3109