Flood Insurance Archives

LAKE ZURICH, Ill. /ScoopCloud/ -- Dovenmuehle Mortgage, Inc. (Dovenmuehle), a leading mortgage subservicing company, announced that it has hired Patricia McCarthy to be the company's new vice president of insurance administration. In this role, McCarthy will oversee Dovenmuehle's insurance department with responsibility for hazard and flood insurance administration, loss drafts, research and the insurance department call center.

"Insurance is a critical component of the mortgage servicing process, requiring keen attention to detail and a firm grasp of the regulations governing it across all levels," said Dovenmuehle Senior Vice President Glen Braun. "Patricia brings a wealth of experience in managing the complex, highly regulated financial aspects of mortgage operations, making her an idea choice to oversee these critical escrow functions."

An industry veteran, McCarthy has worked with every aspect of the mortgage process during her career. Prior to joining Dovenmuehle, McCarthy held the position as vice president of mortgage warehouse lending at Hinsdale Bank for more than 10 years. While at Hinsdale Bank, she managed two divisions within the department, over $1 billion in warehouse lines of credit and 25 clients, moving upwards of $40 million per day. Throughout her more than 30-year career, McCarthy has managed compliance, mortgage operations, loan processing and customer service departments.

"As one of the longest-standing mortgage subservicers, Dovenmuehle's reputation for stability, compliance and excellence is well known," McCarthy said. "I welcome the opportunity to join such an outstanding organization and contribute to its on-going success and growth."

About Dovenmuehle:

Founded in 1844, Dovenmuehle (Lake Zurich, Illinois) is a mortgage subservicer for commercial banks, credit unions, independent mortgage lenders, MSR investors and state housing finance agencies nationwide. The company subservices portfolio loans, as well as loans sold to Fannie Mae, Freddie Mac, Ginnie Mae and the Federal Home Loan Bank with servicing retained.

Using a combination of best-in-class and proprietary technology, Dovenmuehle helps lenders reduce servicing costs and deliver consistently high levels of service to homeowners while maintaining compliance with investor and regulatory requirements.

Learn more at https://dovenmuehle.com/.

Dovenmuehle Mortgage, Inc. (Dovenmuehle), a leading mortgage subservicing company, announced that it has hired Patricia McCarthy to be the company's new vice president of insurance administration. In this role, McCarthy will oversee Dovenmuehle's insurance department with responsibility for hazard and flood insurance administration, loss drafts, research and the insurance department call center.

Related link: https://dovenmuehle.com/

VIRGINIA BEACH, Va. /ScoopCloud/ -- It's time to prepare for more downpours warns NOAA (Climate.gov). Heavy rain has increased across most of the United States, and is only likely to continue to do so. In fact, climate change is projected to increase the size of the flood plain by as much as 45% in the next 100 years. A new flood vent introduced by Crawl Space Door Systems, Inc. can help concerned home and business owners protect their property and save money too.

Most standard homeowner insurance policies do not cover floods and people have to turn to the National Flood Insurance program or private insurance for flood coverage. These policies are expensive. The new ICC Breakaway Flood Vent can save people up to 85 percent on these policies.

"Getting your home FEMA-compliant does not have to be expensive or complicated," William G. Sykes, owner, Crawl Space Door Systems, says.

This flood vent available from Crawl Space Door Systems is designed to meet FEMA, NFIP and ICC requirements for engineered flood vents in all 50 states. And, unlike its competitors, its 16" x 8" breakaway flood vent covers 305 square feet, making it the highest-rated flood vent of its size available on the market. And it costs just $99. Competitor products cost more ($259.99) and cover less space (200 square feet).

So, let's do the math. If a crawl space is 2,000 square feet, seven vents from Crawl Space Door Systems would do the job and total about $700. On the flip side, a competitor would need to provide 10 vents, totaling approximately $2,600. That's a big difference. When homeowners choose an ICC-approved flood vent from Crawl Space Door Systems, they're saving about $1,900 and they're getting an insurance reduction to boot.

An ICC-approved flood vent easily installs into most homes' foundation openings. There's some basic hardware and construction adhesive included. Once the frame is installed, the flood vent snaps into a solid or vented breakaway insert and works to reduce any potential structural damage. They are designed to allow the water pressure to equalize inside and outside of the crawl space.

For more product information and to watch a video, visit: https://www.crawlspacedoors.com/store/flood-vents/icc-breakaway-flood-vent/

Learn more about Crawl Space Door Systems, Inc. at: https://www.crawlspacedoors.com/about-us/

* PHOTO link for media: https://www.Send2Press.com/300dpi/19-0808s2p-crawlspacedoor-300dpi.jpg
* Photo Caption: Crawl Space Door System's ICC Breakaway Flood Vent

VIDEO (YouTube): https://youtu.be/isIMJOtZ8fY

It's time to prepare for more downpours warns NOAA (Climate.gov). Heavy rain has increased across most of the United States, and is only likely to continue to do so. In fact, climate change is projected to increase the size of the flood plain by as much as 45% in the next 100 years. A new flood vent introduced by Crawl Space Door Systems, Inc. can help concerned home and business owners protect their property and save money too.

Related link: https://www.crawlspacedoors.com/

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Tag Archives: Flood Insurance

Dovenmuehle appoints Patricia McCarthy as Vice President of Insurance Administration

New Flood Vent Can Reduce Flood Insurance Costs by Up to 85 Percent