Organization:
Stewart Title Guaranty Company
Document Type:
Internal approval request form
Industry:
Title insurance / real estate transactions
Purpose:
Request for underwriting approval to issue title insurance policies or endorsements
Related System:
Virtual Underwriter®
Policy Form Reference:
2006 ALTA Policy (default if not otherwise specified)
Required Attachments:
Title Search, Closing Instructions, Proposed Note and Mortgage, Commitment(s), Pro Forma(s)
Applicable Transaction Types:
Purchase, Refinance, Construction Loan
Required Information:
Policy form, policy type, proposed insured, policy amount, property description, transaction description
Property Information:
Subject property address, project name or reference, occupancy status, marketing status
Financial Information:
Loan details, financing purpose, construction disbursement protocol, refinance details
Legal Documentation:
Purchase and Sale Agreement, Deed, Mortgage documents, Power of Attorney (if applicable)
Compliance Requirement:
Issuance must comply with applicable state law and company underwriting guidelines
Approval Authority:
State Underwriter, Associate Senior Underwriter, or Stewart Underwriter
Additional Oversight:
Senior Underwriting Committee
Reinsurance Threshold:
Transactions with policy amounts of $100,000,000 or greater require contact with the Reinsurance Department
Risk Disclosure:
Declaration regarding unusual or extra hazardous risks associated with the transaction
Signature Requirement:
Title Examiner, Chief Title Officer, Closer, or Underwriter
