Case Study

Residential

Lender Mandate Lifted for Homeowner in Maine

Kittery, ME

Image of Residential property for Lender Mandate Lifted for Homeowner in Maine

LOMA Achieved for Homeowner

Solutions Found:

LOMA

NFE Solution: LOMA

A single-family homeowner in Kittery, ME, reached out to NFE to explore potential cost-saving scenarios for her home.

NFE got to work immediately to provide a comprehensive solution to the Client's challenges. First, NFE gathered the relevant documents and performed the complimentary desktop engineering review. THe desktop review qualified the Client's home for removal from the Special Flood Hazard Area (SFHA) via a Letter of Map Amendment (LOMA). Next, the NFE team prepared an airtight case and submitted it to the Federal Emergency Management Agency (FEMA) for approval.

The LOMA was approved thanks to NFE's efforts, removing the home from the high-hazard flood zone and eliminating the lender requirement for flood insurance.

With the LOMA in hand, the Client's lender released the mandate for flood insurance on the property. With the lender mandates out of the picture, the Client was able to modify or cancel their flood insurance policy as they wished.

View Other Case Studies

Image of Multifamily property for Successful Insurance Collaboration, Resulting in a LOMA, Cost Savings and Increased Property Value

$217,000 in Added Property Value

Successful Insurance Collaboration, Resulting in a LOMA, Cost Savings and Increased Property Value - Slidell, LA

Learn how a collaboration between a Client’s insurance broker and NFE resulted in a successfully obtained LOMA, saving a multifamily property in Slidell, LA, $13K in annual flood insurance premiums while adding $217K in property value.

Image of Land property for Commercial Development Firm Wins Big in NY

$10K Saved & Headaches Avoided

Commercial Development Firm Wins Big in NY - Brooklyn, NY

An entire undeveloped lot was being pulled into the SFHA, creating permitting nightmare for the owners. NFE's engineering analysis pulled the ENTIRE lot out of the SFHA both NOW and when the pending preliminary map goes into force.

Image of Commercial property for YMCA Saves $18K

$18K in Savings for YMCA

YMCA Saves $18K - Wilton, CT

Helping our clients save $ is always fulfilling but assisting a YMCA in saving $18,000 per year on insurance premiums was even more satisfying!