AWACSMortgage compliance intelligence from Flightline

Carrington Correspondent · Disaster Announcement FEMA Disaster Declaration - Mississippi (2026-04-24) · Published

Mississippi Winter Storm Property Re-Inspection Requirements

Carrington Correspondent requires property re-inspections for designated Mississippi disaster counties following severe winter storms. Loans with appraisals completed prior to January 27, 2026 must have an updated inspection to confirm the subject property's condition.

Action requiredNo effective date statedChecks passed· adjusted automaticallyRead the announcement ↗ (opens in a new tab)

Loan impact

Summarized from the announcement · needs review

Applies to: Loans secured by properties in declared Mississippi disaster counties across conventional, government, and non-agency programs.

Applies when all of these are true
  • ANDCarrington loan
  • ANDState is MS
Addressed to
Carrington correspondent sellersFrom the publisher, not quoted from the text
Investor
CarringtonFrom the publisher, not quoted from the text
Programs
Conventional, FHA, Non-QM, USDA, VA
Affected areas
Valuation; Eligibility
Affected documents
Disaster property inspection certification
Applicability confidence
Needs review: some rows could not be matched to a quote from the source

Summary by AWACS. Carrington Correspondent's guide is proprietary, so AWACS does not reproduce its text. Read the official announcement ↗ (opens in a new tab)

What changed

Summarized from the announcement
RequirementPreviouslyNow
Post-disaster property re-inspection for prior appraisalsTightenedRequiredNew requirementA property re-inspection is required if the appraisal inspection occurred before January 27, 2026.
Property re-inspection for VA interest rate reduction refinance loansTightenedRequiredNew requirementA re-inspection is mandatory if the loan did not close before the end date of the disaster incident.
Applies when: All loan-impact conditions above · Program is VA · Purpose is irrrl

What to do

AWACS interpretation · not source language

What to review: Review property re-inspection requirements for loans in declared Mississippi disaster counties with appraisal inspections completed prior to January 27, 2026, and for VA interest rate reduction refinance loans not closed before the end of the disaster incident.

Underwriting

Require a property re-inspection for properties with appraisal inspections completed prior to January 27, 2026, and for Mississippi VA interest rate reduction refinance loans that did not close prior to the disaster incident end date.

Post-closing

Verify that documentation of a property re-inspection is present in the file for loans with appraisal inspections before January 27, 2026, and for Mississippi VA interest rate reduction refinance loans that did not close before the end date of the disaster incident.

QC implications

  • Sample Mississippi disaster area loans to test that a property re-inspection was obtained whenever the original appraisal inspection occurred before January 27, 2026.
  • Verify that Mississippi VA interest rate reduction refinance loan files include a re-inspection if closing occurred on or after the disaster incident end date.

Source and record

Version 2 · archived

Checks

  • Source verified: Passed

    The document ID, link and publication date match the official source.

  • Quotes match the source: Passed

    Every quoted passage appears word for word in the official document.

  • Requirements backed by the source: Passed, adjusted automatically

    Anything marked required is backed by the requirement language and dates in the source.

    • A detail the source does not support was removed or adjusted
    • An independent check could not confirm which loans a change applies to; those conditions were removed

  • In scope: Passed

    The document is about residential mortgage lending.

  • Format and labels: Passed

    The record follows the AWACS format and uses its standard labels.