Due Diligence and Ongoing Monitoring

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  • 1.  Forced Placed Flood Insurance

    This message was posted by a user wishing to remain anonymous
    Posted 05-15-2023 09:26 AM
    This message was posted by a user wishing to remain anonymous

    Do any of you include forced placed flood insurance providers on your vendor list?  

    Once logged in to their website, we request coverage by providing the following:  name, loan number, property address and outstanding principal balance.  

    Thanks!



  • 2.  RE: Forced Placed Flood Insurance

    Posted 05-15-2023 10:17 AM

    Yes, These should be included in your program. I know for Financial Institutions, these vendors are always included in documentation requests from our regulators. You are providing a lot of PII/Restricted data.