Underwriting review of support documentation including, but not limited to, applicants’ creditworthiness, assets, and income information, and a satisfactory appraisal. Pre-approval is based on a preliminary review of credit information provided to Fairway Independent Mortgage Corporation which has not been reviewed by Underwriting. For more information about the recovery fund, please consult the department's website at. Investigated by the department prior to the payment of a claim. A written application for reimbursement from the recovery fund must be filed with and To make payments of certain actual out-of-pocket damages sustained by borrowers caused by acts of licensed residential mortgage loan originators. A toll-free consumer hotline is available at 87. Find out using FloodPro, an online tool that shows floodplain maps, models, rainfall amounts, elevation certificates and floodplain map revision information. Complaint formsĪnd instructions may be obtained from the department’s website at. Consumers wishing to file a complaintĪgainst a mortgage banker or licensed residential mortgage loan originator should complete and send a complaint form to the Texas Department of Savings and Mortgage Lending, 2061 North Lamar, Ste 101, Austin, TX 78705. The Wood Group of Fairway Independent Mortgage Corporation is licensed under the laws of the State of Texas and is subject to regulatory oversight by the Department of Savings and Mortgage Lending. Learn more about your flood insurance options by talking with your insurance agent, visiting, or calling 1-80.Texas Consumer Complaint and Recovery Fund Notice (View or Print) There are cost saving options available for those newly mapped into a high-risk flood zone. To contact a FEMA Map Specialist, call 1-877-FEMA MAP (1-87) or send an email to a flood insurance policy now may save you money.FEMA map specialists are available to answer questions about the maps as well. The flood maps on Sanibel Island that became effective on November 17, 2022, include a new Coastal A Zone and a new area referred to as the Limit of Moderate Wave Action (LiMWA). Residents with federally backed mortgages must have flood insurance if the structures are in the Special Flood Hazard Area.Ĭontact your local floodplain administrator to review the new flood maps and learn more about your risk of flooding. Click here to learn more about Flood Maps & Flood Zones on FEMA’s website. Flood insurance is available either through a private policy or through the National Flood Insurance Program (NFIP) for those in communities who participate in the NFIP. I encourage everyone to purchase flood insurance because more than 25 percent of flood damages occur outside the Special Flood Hazard Area.”Īnyone without flood insurance risks uninsured losses to their home, personal property and business. “Keep in mind,” states FEMA Region 6 Administrator Tony Robinson, “flooding is the #1 natural disaster in the United States and most homeowner’s insurance policies may not cover the effects of flooding. Community leaders can use these maps to make informed decisions about building standards and development that will make the community more resilient and lessen the impacts of a flooding event. Residents are encouraged to examine the maps to determine if they are in a low to moderate, or high-risk flood zone.īy understanding flood risks, individuals can decide which insurance option is best for their situation. DENTON, Texas –– New flood maps become effective on October 18, 2019, for Austin County, TX.
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