Superior Closing Services FAQ: Lender's Title Policy

Click on the FAQ below for more information:

	What is a managed closing?

	What is title insurance and what does it do for me?

	What is a Commitment?

	What is a chain of title?

	Judgment and Name Search Information

	The Property Search

	Owner's Title Policy

	Lender's Title Policy

	Endorsements

	Requirements

Lender's Title Policy

In addition to the purchaser of the property, the lender to the transaction will require title insurance. The buyer generally purchases a "Mortgagee's Policy" of insurance that insures the lender's interest in the property and loan priority. Most lenders require title insurance for the loan they make to the purchaser and usually consider the associated costs to be the borrower's.