Posted By: Many Hats
Flood Determination - req'd on mods? - 05/21/09 12:31 PM
We are doing a loan modification for a MFH w/out land (changing rate/term to lower payments for customer). Do we need to pull a new flood on modifications like these?
We have a flood we pulled when the loan was done with LOL coverage & the account number is still the same.
I say no, but wanted reassurance.
We have a flood we pulled when the loan was done with LOL coverage & the account number is still the same.
I say no, but wanted reassurance.