National Tax Search (NTS), a Chicago-based provider of property tax management services, has launched flood determination services.
Services are provided through NTS' service solution, FloodQ, on a national scale. NTS currently offers the following services: flood zone determinations, life of loan tracking and portfolio services.
In addition, NTS has hired 20-year flood determination veteran Ed McLin to lead creation of the new flood service division and market services throughout the U.S.
NTS notes that flood zone determinations are required on mortgage loans and that the status must be monitored for the life of the loan in order to ensure that lenders are in compliance with applicable law.