Lenders concerned about flood insurance may have another option to scouring hundreds of floodplain maps to determine if their loans require additional insurance, and now can get home buyers' credit reports to boot. Trans Union Corp., a Chicago-based consumer credit service has joined forces with Flood Zones, an Austin, Texas-based flood hazard certification provider, to furnish lenders nationwide with flood certification services that are rolled into a package with mortgage credit reports. Customized flood certificates can be issued in 24 hours or less, Trans Union said, and are fully guaranteed and indemnified through Flood Zones against errors and omissions based on volume for up to $5 million. Flood Zones has roughly 500 mortgage lending subscribers and reports that since the Trans Union-Flood Zones announcement July 21, has signed on seven more subscribers. For details, contact Trans Union at (800) 899-7132 or Flood Zones at (800) 362-0866.
