Recently, FEMA has cancelled and rewritten policies, citing the flood zone changed to X. We contacted FEMA and they stated that as of July/August 2016, they now run their own determinations and review any policies no longer in a flood zone and have underwriting correct them by cancelling their current policy and rewriting it into a zone X.
I'm reaching out to see if anyone else has experienced this issue. If so, how did you handle/reconcile documenting the life of loan determination when your flood determination vendor still shows the property in a high risk flood zone?