FEMA Declared Disaster – Michigan (DR-4607-MI)
NewRez LLC "NewRez" Approved Correspondent Clients: please note, on July 15, 2021, FEMA issued a Major Disaster Declaration for the Michigan Severe Storms, Flooding and Tornadoes natural disaster events with an incident start date of June 25, 2021, and the incident end date of June 26, 2021.
Under the FEMA Major Disaster Declaration, the following two (2) 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 June 26, 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.