How Title Insurance Protects Lenders
We're here to protect your assets. It's that simple yet the process isn't.
Every day myClosingSPACE.com title professionals work to help your customers realize the dream of home ownership. Just like you do. But they also work to protect your stake in the dream.
They research each title, looking for any potential difficulties or conflicts in ownership, liens, boundary disputes, and more. If they find any problems, they fix them - to ensure a smooth, timely, trouble-free closing.
Then they issue a Loan Policy to protect your investment, reduce your risk, and assure the security of your funding.
myClosingSPACE.com is dedicated to the hard work it takes to keep you and your customers protected. We value the opportunity to work alongside you to help home buyers realize their dreams - and to provide you with the security you need to make those dreams come true.
Short Form Loan Policy for Lenders
You know that a Loan Policy issued by myClosingSPACE.com provides full protection for the amount of each loan.
But before you can think about protection, you need to win the business...and that can be a matter of time and timing. The American Land Title Association developed the Short Form Residential Loan Policy to put time on your side.
Available nationwide** and approved by both Fannie Mae and Freddie Mac, this single-page, pre-printed policy greatly expedites the process. No need to wait for confirmation of recording of the insured mortgage. No need for excessive proofreading. And no need to manually include the most common endorsements.
Plus, the Short Form Policy actually adds coverages beyond those in the Standard 1992 ALTA Loan Policy.
In short, this policy saves you a tremendous amount of effort. And that can mean speedier closings, and post-closing reviews.
You believe in the dream of home ownership. And the faster you can fund and secure a mortgage loan, the more you're able to make that dream come true. ALTA created the Short Form Policy so you have more time to help turn those dreams into profitable and rewarding reality.
Expanded Coverage Loan Policy for Lenders
You have assets to protect. The Loan Policy issued by myClosingSPACE.com provides that protection.
But often this coverage simply isn't enough to compensate for a loss. Additionally, the typical Loan Policy usually does not include insurance to cover survey issues unless specifically requested.
There's a solution: an Expanded Coverage Loan Policy designed specifically for lenders. It automatically covers 125% of the loan amount, includes a generous survey insuring clause, and adds numerous other protections - all of this plus the extensive coverage already provided by the Standard Loan Policy.
You value your customers' dreams of home ownership, yet you value your business, too. And that means each loan needs to be well secured. ALTA created the Expanded Coverage Loan Policy to provide you with enhanced security...so you can continue to make those dreams come true.
*Copyright ALTA (American Land Title Association)
** Not currently available in New Mexico.
If you are in the market for title insurance get a "Quick Quote" from myClosingSPACE.com today.
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