FEMA Disaster Area Update
Dear Valued Partner,
New counties in Alaska have been declared by FEMA as Major Disaster Areas.
Incident Period Date: May 17, 2013 to June 11, 2013
Designated AK Disaster Areas: Alaska Gateway Regional Educational Attendance Area, Lower Yukon Regional Educational Attendance Area, Yukon Flats Regional Educational Attendance Area and Yukon Koyukuk Regional Educational Attendance Area.
To view a complete list of FEMA disaster areas in XLS format, click here: Annexure-I.
To view FEMA's recent update on Alaska, click here: FEMA.
SWMC Disaster Area Policy
For loans submitted with an appraisal on or before the incident period end date or for those submitted without an appraisal, Sun West will require an interior and exterior inspection prior-to-funding or purchase of any loans with subject properties that are determined to be at risk. The inspection must verify that the property is sound, habitable and in the same condition as when it was appraised.
Our partners can access Sun West Seller Guide under HELP section in SunSoft. Please refer to Sun West Forward Mortgage Seller Guide (Section 404.07) and Sun West Reverse Mortgage Seller Guide (Section 4.23) for more details.
• Only licensed and state certified appraisers may be used to complete the inspections.
If you have any questions, please contact your Account Executive at (855) OK-SUNWEST or (855) 657-8693.
Sun West Mortgage Company, Inc.