A thorough understanding of title insurance commitments and policies is essential to personnel who deal with real estate loans. This webinar will provide the information needed to understand the proper use of loan title insurance commitments and policies, including the insured covered risks, coverage exclusions and exceptions, and endorsements. It will examine each part of the ALTA standard form loan commitment and policy, and review common endorsements required by lenders. After this webinar, you will be able to confidently handle the next title insurance issue that arises.
- Key elements of the loan title commitment and policy
- Ordering the loan title commitment
- Standard loan title policy coverages and extended coverages
- Standard loan title policy exceptions and special exceptions
- Importance of using an instruction letter before funding
- Checklist of common endorsements required by lenders
- Employee training log
- Quiz you can administer to measure staff learning and a separate answer key
WHO SHOULD ATTEND?
This informative session is designed for loan officers, loan processors, loan operations personnel, managers, auditors, compliance officers, attorneys, and other personnel who deal with title commitments and policies.
PLEASE NOTE: The live webinar option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered. You may have as many people as you like listen from your office speaker phone.
ABOUT THE PRESENTER – Elizabeth Fast, JD & CPA, Spencer Fane LLP
Elizabeth Fast is a partner with Spencer Fane LLP where she specializes in the representation of financial institutions. Elizabeth is the head of the firm’s training division. She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University. In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant. Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions. She is a member of the Missouri State Banking Board by appointment of the Governor.
Originally recorded on October 17, 2018.
Recorded webinar is available until April 30, 2018.
Free Digital Copy included with purchase to download and view beyond link expiration date.
Price includes sales tax.