Underwriting
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SLS2016004
| UNDERWRITING - Condominium/Homeowner Association Lien Foreclosures
Issuing offices may not insure a property where the search reveals a foreclosure of a condominium association’s lien or homeowners association’s lien without approval of a Senior Underwriter.
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SLS2016002
| UNDERWRITING - Foreclosures Extinguishing Subordinate Mortgages or Title Held By Fannie Mae, Freddie Mac, FDIC, or HUD
Requirements to insure a foreclosure of a prior lien where there is a lien held by Fannie Mae or Freddie Mac, the Federal Deposit Insurance Corporation (FDIC), or HUD.
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SLS2016001
| UNDERWRITING - Foreign Investment in Real Property Tax Act (FIRPTA)
FIRPTA requirements and new, increased 15% withholding as of 02/16/16.
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MU2016001
| UNDERWRITING - Updated Guidelines for ALTA Endorsement 4-06 and 4.1-06 (Condominium) and ALTA Endorsement 5-06 and 5.1-06 (Planned Unit Development)
An Insured Mortgage may or may not have priority over a condominium association's or homeowners association's lien for future unpaid charges and assessments. Describes the differences in coverages of the referenced ALTA Endorsements with regard to lien priority.
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SLS2014006
| UNDERWRITING - Insuring Title Based Upon a Judgment, Order, or Decree: Appeal Period and Proper Notice
When insuring title based upon a judgment, order, or decree, the order must be a final, non-appealable order.
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SLS2014002
| UNDERWRITING - Extrahazardous Risks
Underwriting approval is required to insure extrahazardous risks. Contains examples of Extrahazardous risks.
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SLS2014001
| UNDERWRITING - The Perishable Agricultural Commodities Act (PACA) and The Packers and Stockyards Act (PSA)
Issues relating to PACA and PSA and related requirements.
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SLS2009007
| Mechanic’s Liens Recap
Required procedures and recurring issues relating to mechanic’s liens (non-construction loans).
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SLS2009004
| Use of Starters for Title Search [Revised 3-23-09]
Requirements for relying on starters to begin a title search.
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SLS2008015
| Paying Off Line of Credit Mortgages
Risks and requirements when paying off credit line mortgages.
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SLS2007007
| Insuring Around, Over, or Against Outstanding Enforceable Recorded Defects, Liens, and Encumbrances
Requirements for insuring over, omitting or insuring the subordinate nature of an enforceable recorded defect, lien, or encumbrance.
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CA2007001
| Underwriting Bulletin Clarification
Clarifies requirements for omitting a recorded deed of trust that has been paid.
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General
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SLS2013003
| Search Services and Limitation of Title Insurance Underwriting Agreement
Independent agents are prohibited from using the Stewart name on any non-policy product, including any search product.
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SLS2012001
| Privacy Policy Opt Out Option
Stewart Title Company customers may opt out of information sharing.
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SLS2011017
| Stewart Title’s Forgery Watch Award Program
Contains links to Fraud and Forgery Watch Program procedures.
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SLS2011010
| Avoidance of Potential Conflicts of Interest
Issuing offices are prohibited from issuing title policies or closing transactions on any property in which a principal or agent has an interest, unless approved in advance.
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SLS2011005
| Disbursement Practices: Good Fund vs. Collected Funds [Revised 04-27-12]
Recommended practices relating to the receipt and disbursement of funds.
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SLS2010026
| Issuing Authority and Escrow Instructions
Issuing agent's authority is limited to the issuance of title commitments and policies. Issuing agents do not have the authority to bind the Company in any other way, including escrow agreements.
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SLS2008001
| Patriot Act Requirements and the Special Alerts Database [Revised 01/18/12]
Issuing office are required to comply with the USA Patriot Act and must check the Stewart Special Alerts Database. In addition to the required search of the Special Alerts Database, if you are aware of any alert or cautionary memorandum issued by Stewart or any other underwriter, you may not close a transaction or issue a Stewart policy without disclosure to, and prior written approval from, a Stewart Legal Services representative.
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SLS00171
| Importance of the Positive Pay System
Banking procedures that can help reduce the likelihood of escrow fraud. Each day, issuing office transmits to its bank a list of checks that it has issued. Also describes reverse positive pay.
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Rates and/or Forms Update
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MU2016006
| RATES AND/OR FORMS UPDATE - ALTA Expanded Coverage Residential Loan Policies - Assessments Priority (04-02-15) or Current Assessments (04-02-15); and ALTA Short Form Expanded Coverage Residential Loan Policies - Assessments Priority (04-02-15) or Current Assessments (04-02-15)
Describes the differences in coverages of the referenced ALTA policies with regard to insuring the lien priority of the Insured Mortgage in relation to the lien of a condominium association's or homeowners association's lien for future unpaid charges and assessments.
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Claims Avoidance
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SLS2016005
| CLAIMS AVOIDANCE - Email Impersonation Wire Fraud Scheme Targeting Customers; FinCEN Advisory
Email impersonation wire fraud scheme designed to cause the customer to wire funds to a bogus account.
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Mechanic’s Liens During Construction
A significant source of risk for the Company is the insurance of construction loans. Please note the following Bulletins which describe issues and requirements relating to mechanic’s liens during construction:
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MU2010009
| Mechanic's Liens Coverage During Construction - No Priority (2)
Alaska, Colorado, Hawaii, Indiana, Maine, Missouri, Montana, New Hampshire, and Oregon
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MU2010008
| Mechanic's Liens Coverage During Construction - Initial Priority if No Commencement (3)
Alabama, Arkansas, Arizona, California, Connecticut, Idaho, Iowa, Kansas, Minnesota, Nebraska, Nevada, Ohio, Oklahoma, Rhode Island, South Dakota, Tennessee, Utah, Washington, West Virginia, and Wyoming
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MU2010007
| Mechanic's Liens Coverage During Construction - Priority if No Lien or Suit Filed when Disbursing (1)
District of Columbia, Kentucky, Mississippi, South Carolina, and Vermont
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DE2010002
| Mechanic's Liens Coverage During Construction
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FL2010002
| Mechanic's Liens Coverage on Lender's Policies During Construction
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IL2010005
| Mechanic's Liens Coverage During Construction - No Priority
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LA2010010
| Mechanic's Liens Coverage During Construction - Initial Priority if No Commencement
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MA2010002
| Mechanic's Liens Coverage During Construction
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MI2010007
| Mechanic's Liens Coverage During Construction
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NC2010003
| Mechanic's Liens Coverage During Construction - Initial Priority if No Commencement
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ND2010001
| Mechanic's Liens/Construction Liens Coverage During Construction - Priority if No Lien or Suit Filed when Disburse
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NJ2010005
| Construction Lien Claims in New Jersey
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NM2015002
| UNDERWRITING - Insuring Construction Loans in New Mexico; New Rules Effective August 1 and August 15, 2014
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PA2010009
| Mechanic's Liens Coverage During Construction - Initial Priority if No Commencement
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TX2010008
| Mechanic's Liens Coverage During Construction
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VA2010001
| Mechanic's Liens Coverage During Construction
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WI2010005
| Mechanic's Liens Coverage During Construction
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