Norwell, MA (PRWEB) October 31, 2014
Miniter Group today announced it will be holding a webinar on November 18, 2014 regarding FDIC and Force-Placed Flood Compliance. 2014 has brought much confusion to loan servicers with regard to flood insurance. The Implementation of Biggert-Waters was interrupted by The 2014 Homeowner Flood Insurance Affordability Act. In addition The FDIC and other regulators have offered mixed messages to lenders regarding force-placed flood regulation. This webinar aims to help clarify some of this confusion and present FDIC examination insight relative to force-placed flood insurance. In addition it will discuss how to efficiently notify borrowers of SFHA map changes.
According to Jim Gilpin, EVP of Business Development at Miniter Group:
"This webinar will describe the common issues that loan servicers are experiencing since the implementation of both Biggert-Waters and The Homeowners Flood Insurance Affordability Act with regard to force-placed flood insurance. It is also focused on providing a compliance based explanation of your force-placed flood insurance program for your auditors and regulators."
To register for this webinar on November 18, 2014 click here.
Miniter Group is a leading provider of collateral risk transfer solutions to the lending industry, providing services to over 550 lenders in 45 states. Miniter's in-house software development team created a unique Borrower-Centric Insurance Tracking Solution in 2006. Miniter’s products include Lender Placed Hazard, Lender Placed Flood, REO Hazard, REO Liability, Blanket Mortgage Hazard, Mortgage Impairment Insurance, Outsource Tracking, Vendor Single Interest Insurance, Collateral Protection Insurance and GAP Insurance.
We invite you to call us at 1-800-MINITER or visit us on the web at http://www.miniter.com.