Hurricane

Helping HECM Borrowers in Texas and Florida 

Helping HECM Borrowers in Texas and FloridaNRMLA servicing experts offer the following guidance for homeowners impacted by hurricanes Harvey and Irma: Contact your insurance company right away to file a claim if damage has occurred to your home. After that, contact your loan servicer to inform them if damage has occurred to your home. Depending on the severity of the damage, and the amount of funds issued by your insurance company, it may be necessary for the servicer to hold the insurance funds, monitor the progress of the repairs, and disburse out to the contractor (similar to a repair set-aside)