FEMA Disaster Area Update
Dear Licensed Partner,
New counties in Virginia have been declared by FEMA as Major Disaster Areas.
Incident Period Date: October 07, 2016Designated VA Disaster Areas: Chesapeake, Newport News, Norfolk and Virginia Beach.
To view a complete list of FEMA disaster alerts in XLS format, click here: Annexure-I.
To view FEMA's recent update on VA, click here: FEMA.
SWMC Disaster Area Policy
For loans submitted with an appraisal dated 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 3.23) for more details.
If you have any questions, please contact your Client Relations Manager at (855) OK-SUNWEST or (855) 657-8693.
This information is provided to licensed brokers/lenders only and may not be copied or distributed to customers or potential customers. All loans are subject to approval. Certain restrictions may apply. Listed pricing is a morning indication only. Program rates, prices, guidelines, fees, costs, terms and conditions are subject to change without notice.