Re: Flood Insurance – timing of proof of insurance


I just joined the group and thought this was a good topic. I have had the push-back from the mortgage lending group on this subject. I was adding this practice as a violation in our last flood audit and management stated that this was a practice that they were comfortable with and were going to continue. The only group that pays for flood insurance at closing (actually on the HUD settlement statement) is the mortgage group on purchases.