Technology | Flood Wiz

Flood Wiz®

Make sure every mortgage complies with flood regulations

Stricter enforcement of flood determination regulations impacts the way you deal with compliance. You must now make sure that every loan is in compliance with flood provisions when the loan is issued, and that it remains in compliance throughout the life of the loan.

Flood plain properties end up uninsured because insurance was not purchased when the loan was issued or because homeowners allowed it to lapse. You’re required to ascertain which loans require flood insurance and make every effort to ensure compliance when selecting a vendor, notifying the borrower and preparing for an examination. To be safe, you must build compliance into the initial evaluation stages of every loan application.

Determine which loans require flood insurance before closing

Flood Wiz lets you match the property address with all appropriate flood and census tract data within seconds. Its extensive database is updated regularly to reflect all FEMA changes and LOMA/LOMRs.

The Flood Wiz web-based interface is easy and convenient to use. Your staff can access and print accurate flood certifications right from their desk at a fraction of the usual cost.

Flood Wiz protects all parties by providing a guaranteed flood determination backed by a $10MM Errors & Omissions policy from an A+ rated insurer. It eliminates both borrower and lender liability.

You can also outsource all or any part of your flood compliance program to Wolters Kluwer Financial Services | PCi. We have the expertise and resources to provide program monitoring, portfolio review, regulatory compliance and training on an outsourced basis.

To learn more about Flood Wiz, please click on a link at the right.