Non-Delegated Correspondent ALERT – Flood Certificate Provider

Effective for all loans registered on or after May 19, 2023, Arc Home will allow a Life of Loan Special Flood Hazard Area (SFHA) determination from CoreLogic or ServiceLink only for all Fannie Mae, Freddie Mac, Arc Access Non-QM, Arc Elite QM, Conventional Investment, FNMA/FHLMC Second Home & Investment, Jumbo Express, and Jumbo Prime loan programs. For all FHA and VA loan products, a Life Special Flood Hazard Area (SFHA) determination from CoreLogic is required.

Important Note: If the required flood certificate is 1) not included in the loan submission OR 2) not completed by an approved provider for the loan program (noted above), Arc Home will order a flood certificate from an approved provider and apply a $13 fee to the Purchase Advice.

The Correspondent Seller’s Guide will be updated with the change and published to the Arc Home website (HERE) soon.