Title
Preference Form

The Lender requires title insurance on all loans and as part of our lending services we will manage the title process if you choose. However you MUST provide certain information as indicated below depending on which option you select.

OPTION 1 (Recommended) The lender shall order my title insurance for me through one of its approved agents.

REQUIRED: Full legal description, property tax ID, prior title policy, or vesting deed

OPTION 2 This is a purchase and seller will order title insurance. Due to contractual obligations, the Seller is required to order Title. If this option is selected, all of the required information listed below must be provided.

REQUIRED: Full legal description, property tax ID, prior title policy, or vesting deed

OPTION 3 I, the broker, will order title insurance. If this option is selected, all of the required information listed below must be provided.

REQUIRED: Full legal description, property tax ID, prior title policy, or vesting deed

Lender Title Requirements

A title commitment (aka a preliminary title report) is the commitment to issue a title policy upon closing. The title commitment generally will disclose (and give you copies of) recorded title matters, claims or encumbrances which are found by the title company.

The title commitment has one main purpose: to commit the title insurance company to issue a title insurance policy at closing based on the exclusions, exceptions and requirements stated in the title commitment. We are committing to issue a title policy based on our underwriters decision that everything is satisfied with the title and it can be transferred as “marketable title.”