We are thrilled to bring you a new, efficient way to issue your policy at closing. It is called Policy - Express Checkout, which enables policy issuance and delivery before instrument recordation has occurred. You may now work directly from your marked-up commitment to prepare the final owners’ and lenders’ policy schedules at the precise moment when all of the required and pertinent information is at your fingertips and top-of-mind.
Although this new offering is entirely optional and voluntary for each member to adopt in his or her practice, we believe that it offers several immediate benefits for you and your staff.
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This initiative decreases the time it takes to handle a real estate transaction from intake through archival storage.
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Policy – Express Checkout was, in part, conceived and implemented to facilitate and ensure your ability to comply with the American Land Title Association’s Best Practices. It can assist you to meet Best Practice Pillars:
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Adopt standard real estate settlement procedures and policies that
ensure compliance with Federal & State Consumer Financial Laws as applicable. |
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Adopt and maintain written procedures related to title policy production,
delivery, reporting and premium remittance. |
For more information, including a detailed Q&A, please refer to the upcoming Policy - Express Checkout article in the January issue of
The Fund Concept. Or, for further assistance, please contact The Fund’s Underwriting Counsel at 800-432-9594,
underwriting@thefund.com.