White Paper

6 Pages
  • 6 Pages

The Title Policy: Underwriting Standards

 

Understand the differences in the owner’s policy vs. loan policy.

Title insurers have often extended wide latitude to their agencies to modify or delete the policy exceptions from loan policies that insure residential lenders, in that such actions under appropriate circumstances pose minimal exposure to the title insurer. In contrast to residential loan policies, removal of exceptions from owner’s policies usually requires closer scrutiny of the associated risks. The reason: The discovery of a title defect triggers an immediate obligation to indemnify under the owner’s policy, but no such obligation exists under the loan policy. This white paper reviews the differences in these policies and discusses alternative policy forms development.

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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