The Flood Report feature in Baseline is a specialized tool that allows users to request and manage flood zone determinations for properties associated with loans.
This feature integrates with Cotality to provide official FEMA designated flood zone determinations and attributing reports, and identify whether a property lies within a federally designated flood zone and the risk of low or high flooding in that area, helping lenders to:
Protect the collateral backing the loan from uninsured flood damage
Meet federal requirements related to flood insurance
Protects both borrower and lender from potentially catastrophic financial loss
Key Elements of this feature:
Streamlined Process: Request flood reports directly within the Baseline platform.
Automated Documentation: Reports are automatically attached to the relevant loan and address and pushed into the document section.
Real-time Status Updates: Track the progress of flood report requests
Integrated Notifications: Receive alerts when reports are completed or require attention
Flood Zone Metrics: Snapshot of the flood zone and the risk associated with the property
How the Feature Works
A user has the ability to both order and upload a flood report on any collateral attached to the loan.
Ordering a Flood Report
Go to a loan
Go the collateral section
Go to the tab that says "Flood Report"
Click on "Order Report" from the grey section within the tab
The process can also be started through the button in the top right of the section header that says "Order Flood Report"
Select one or multiple properties, confirm to the terms with vendor, and order the report
When multiple properties are selected, Each property will have its own report.
Each report is priced independently, contact Cotality for details on your pricing
It could take up-to 24 hours for the report to be generated, and you will see a banner that indicates the status:
Once generated, you will be able to see a snapshot of the Zone and a color to indicate the risk associated with the property
Additionally, the report will be accessible within the Flood Report tab, in the documents tab, within the collateral section.
Our color classification indicate the following risk:
Undetermined Risk: Grey
Low Risk: Green
Medium Risk/Non Special Flood Hazard Area: Amber
High Risk/Special Flood Hazard Area: Red
Deleting and Re-ording Reports
Navigate to the collateral, and click on the Flood Report Tab.
Click the 3 dots to open the menu and select delete or reorder.
Uploading a Flood Report
If you have a flood report already and don't want to order one, there's also the option to a flood report:
Click on "Upload Report" (the button right beside Order Report)
Upload the report
Select flood zone from the drop-down
Save the report
To better understand the zones and the risks associated with them, feel free to refer to the following:
Zone D – Undetermined risk; flood hazard analysis has not been conducted.
Zones C and X (unshaded) – Low risk; outside the 500-year floodplain; minimal flood hazard.
Zones B and X (shaded) – Moderate risk; between the limits of the 100-year and 500-year floodplains.
Zones A, AE, A1–30, AH, AO, A99 – High risk; within Special Flood Hazard Areas (SFHA); flood insurance is typically required.
Zones V, VE, V1–30 – Coastal high-risk areas; subject to high-velocity wave action; flood insurance is required.
For more information about flood zones visit https://www.fema.gov/flood-maps
When the report has been generated and pushed into your Baseline account, you will receive a notification.
To get this feature for your team, contact Baseline support today!