HCSI can also provide the notification requirement to the borrower should the property be in a Special Flood Hazard area. The systems are designed for ease of use while delivering clear and concise documentation. Guarantee - HCSI's certifications are determined by professional flood researchers guaranteeing compliance with the Flood Reform Act of 1994 and fully backed by our Errors and Omissions carrier. Compliance with the Flood Disaster Protection Act of 1973 and the Flood Reform Act of 1994 can be costly inconvenient and uncertain. Lending institutions find it difficult and inefficient to maintain updated flood maps and train employees to make accurate flood determinations.
Current guidelines allow lenders to seek assistance from private determination companies.
HCSI provides lenders with a comprehensive program of services to meet all compliance needs, reduce liability, control risk management and fulfill regulatory requirements. HCSI specializes in providing lenders, surveyors, appraisers, title companies and insurers with accurate flood compliance information. HCSI's services reduce your institutional exposure to uninsured flood losses. HCSI offers a guarantee of compliance with accurate reports and personalized service.