Avoid Noncompliance Fines.
In 2022, banks paid $337,650 in penalties for flood insurance compliance violations. Are you next?
What You Need to Be Compliant
Force Placement Requirements
Notice to FEMA Administrator
Find your Compliance Gaps
This bank was fined $3.6M by the OCC over flood violations
We Can Help
Get your Flood Insurance Program on track in three easy steps:
1) Assess your flood insurance plan
2) Identify compliance gaps
3) Remediate to avoid risk and penalities
Flood Insurance Requirements for Lenders
On the heels of a recent HUD audit on flood insurance, regulators put lenders on notice. They...
Four Tips for Lender Flood Compliance
As a lender, you are under increasing scrutiny by regulators to comply with federal flood...
FHA Flood Audit Exposes Lender Risk
HUD audit reveals $4.5 billion risk to lenders from flood insurance gaps In 2020, loan...
“Regulators are tightening the screws on lenders and their compliance to flood insurance regulations. You’re much better off to self-identify your compliance issues and start remediating before regulators come knocking on your door for a compliance audit.”
-Robert Simpson, Partner & Default Expert at Newbold Advisors
Let’s get started.
Contact Robert Simpson
Newbold Advisors, LLC is a consulting and professional services company serving institutional clients in the private and public sectors.
The firm’s mission is to deploy qualified people at competitive rates to achieve tangible results. Our goal is to earn every client’s trust by delivering results with integrity.
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