FEMA Disaster Area Update
Dear Valued Partner,
New counties in Illinois have been declared by FEMA as Major Disaster Areas.
Incident Period Date: April 16, 2013 to May 5, 2013
Designated IL Disaster Areas: Cook County, DeKalb County, DuPage County, Fulton County, Grundy County, Kane County, Kendall County, La Salle County, Lake County, McHenry County and Will County.
To view a complete list of FEMA disaster areas in XLS format, click here: Annexure-I.
To view FEMA's recent update on Illinois, 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.