FEMA Disaster Area Update
Dear Licensed Partner,
New counties in Illinois have been declared by FEMA as Major Disaster Areas.
Incident Period Date: November 17, 2013
Designated IL Disaster Areas: Champaign County, Douglas County, Fayette County, Grundy County, Jasper County, La Salle County, Massac County, Pope County, Tazewell County, Vermilion County, Wabash County, Washington County, Wayne County, Will County and Woodford County.
To view a complete list of FEMA disaster areas in XLS format, click here:Â Annexure-I.Â
To view FEMA's recent update onÂ Illinois, click here:Â FEMA.Â
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 the Sun West Seller Guides under the HELP section inÂ 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.Â Â Â
â€¢Â Only licensed and state certified appraisers may be used to complete the inspections.
AÂ list of recent disasters declared by FEMA where the above guidelines apply are provided in Annexure-I.Â
If you have any questions, please contact your Account Executive at (855) OK-SUNWEST or (855) 657-8693.
Sun West Mortgage Company, Inc.