Title Insurance & Indemnity For Lenders

Loan Policy

Issued to the mortgage lender at loan closing, for a one-time premium, and effective until maturity, the policy covers losses — including legal expenses — arising out of claims relating to:

• The lack of priority of the Lien of the Covered Mortgage upon the Title over any other Lien or encumbrance.
• The invalidity or unenforceability of any assignment of the Covered Mortgage
• Ultimate ownership of property
• Any defect in or Lien or encumbrance on the Title, including as a result of
  • forgery, fraud, undue influence, duress, incompetency, incapacity, or impersonation;
  • failure of any person or Entity to have authorized a transfer or conveyance;
  • a document affecting Title not properly created, executed, witnessed, sealed, acknowledged, notarized, or delivered;
  • a document executed under a falsified, expired, or otherwise invalid power of attorney;
  • a document not properly filed, recorded, or indexed in the Public Records; or
  • a defective judicial or administrative proceeding.
• No legal right of access to and from the Land.

• Defined or Known Risks including:
  •  restitution in Central Europe
  • legal indemnities in the UK (Defective Title, Restrictive Covenant, Chancel Repair Liability, etc.)

• Additional endorsements, which may include leasehld interests, building, permitting & zoning issues.

Mortgage pool policy

For a one-time premium and effective until maturity of the securities, the policy covers losses – including legal expenses – arising out of claims relating to the underlying mortgages in the pool including:

• Legal title
• Invalidity or unenforceability of the mortgages
• Prior liens

Owner's and Investors can also benefit from FNF Title International's Owner's Policy.