FEMA Declared Disaster Tennessee (DR-4601-TN)
NewRez LLC "NewRez" Approved Correspondent Clients: please note, on May 8, 2021, FEMA issued a Major Disaster Declaration for the Tennessee Severe Storms, Tornadoes, and Flooding events with an incident start date of March 25, 2021 and an incident end date of April 3, 2021.
Under the FEMA Declaration, the following three (3) counties have been designated for Individual Assistance due to the impact of the disaster:
Effective immediately, in accordance with agency and investor requirements, NewRez will implement the following inspection requirements for loans secured by properties located in the counties identified above.
If the effective date of the appraisal or appraisal alternative was on or prior to the April 3, 2021 incident end date, an inspection is required in accordance with Chapter 15, Disaster Policy and Product Profiles prior to closing or funding of the loan.