White Paper

Endorsements - ALTA Owners’ and Lenders’ Policies

 
Endorsements issued by the title insurer or title agent are designed to delete, add to, or modify any number of provisions of the commitment for title insurance and policies of title insurance. Endorsements are not available as stand-alone documents, but invariably refer to an underlying commitment or policy that predated or was issued simultaneous with the endorsement. Although it is usually the case that endorsements enhance or expand upon coverage, in some instances endorsements will be issued to reduce or revoke coverage. Several basic features of or considerations relating to endorsements should be mentioned:

- Endorsements are of two types: Standardized and transaction specific.
- Endorsements where standardized will be promulgated by the ALTA, the CLTA or other state title association or board, or designed by individual insurers.
- Endorsements, where transaction-specific, will be issued to reflect or respond to requests (e.g.”Exception No. 14 is hereby deleted.”).
- Endorsement availability will depend upon whether the endorsement form is, in the discretion of the title insurer, appropriate to owners, lenders or both.

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Duane H. Wunsch is the vice president and state counsel for Fidelity National Title Group, Inc.’s Wisconsin office. He has 30 years of experience as in-house underwriting and claims counsel. Mr. Wunsch is a frequent lecturer to both attorney and nonattorney customer groups. He regularly conducts training sessions for title and escrow staff.

Agenda

Faculty

Duane H. Wunsch

Duane H. Wunsch

Fidelity National Title Group, Inc.

  • Vice president and state counsel for Fidelity National Title Group, Inc.’s Wisconsin office
  • 30 years of experience as in-house underwriting and claims counsel
  • Frequent lecturer to both attorney and non-attorney customer groups
  • Regularly conducts training sessions for title and escrow staff
  • J.D. degree, Emory University; B.A. degree, University of Wisconsin-Madison
  • Can be contacted at 262-796-3852 or [email protected]

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