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8.13 Flood Certification
A Life-of-Loan Flood Zone Determination Certification is required on all loans. The flood certificate must reflect the information required on FEMA’s Special Flood Hazard Determination form to determine if the property lies in a Special Flood...
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Resources > FAQ > CHAPTER-8-FILE-DELIVERY > 8-13-Flood-Certification-(1) > 8-13-Flood-Certification

8.13.1 Ineligible Determinations
PHH does not purchase Loans secured by properties located in nonparticipating communities, Coastal Barrier Resource Systems Areas or Other Protected Areas.

Resources > FAQ > CHAPTER-8-FILE-DELIVERY > 8-13-Flood-Certification-(1) > 8-13-1-Nonparticipating-Communities

8.13.2 Special Flood Hazard Notice
A Special Flood Hazard Notice is required for properties located in a Special Flood Hazard Area (all zones in A or V) which require flood insurance. The notice must be provided at ten (10) days prior to closing (defined for these purposes to be the...
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Resources > FAQ > CHAPTER-8-FILE-DELIVERY > 8-13-Flood-Certification-(1) > 8-13-2-Special-Flood-Hazard-Notice

8.14 Hazard Insurance
A current hazard insurance policy (Declarations Page, Certificate of Coverage, Evidence of Property Insurance, or Insurance Binder) is required on all loans and must include the following information and meet the following...

Resources > FAQ > CHAPTER-8-FILE-DELIVERY > 8-14-Hazard-Insurance-(1) > 8-14-Hazard-Insurance

8.14.1 Coverage
PHH requires that properties be covered by a standard extended coverage endorsement, which includes wind, civil commotion (including riots), smoke, hail, and damages caused by aircraft, vehicle, or explosion, in addition to common hazards such as...

Resources > FAQ > CHAPTER-8-FILE-DELIVERY > 8-14-Hazard-Insurance-(1) > 8-14-1-Coverage