THIS BULLETIN IS FURNISHED TO INFORM YOU OF CURRENT DEVELOPMENTS. AS A REMINDER, YOU ARE CHARGED WITH KNOWLEDGE OF THE CONTENT ON VIRTUAL UNDERWRITER AS IT EXISTS FROM TIME TO TIME AS IT APPLIES TO YOU, AS WELL AS ANY OTHER INSTRUCTIONS. OUR UNDERWRITING AGREEMENTS DO NOT AUTHORIZE OUR ISSUING AGENTS TO ENGAGE IN SETTLEMENTS OR CLOSINGS ON BEHALF OF STEWART TITLE GUARANTY COMPANY. THIS BULLETIN IS NOT INTENDED TO DIRECT YOUR ESCROW OR SETTLEMENT PRACTICES OR TO CHANGE PROVISIONS OF APPLICABLE UNDERWRITING AGREEMENTS. CONFIDENTIAL, PROPRIETARY, OR NONPUBLIC PERSONAL INFORMATION SHOULD NEVER BE SHARED OR DISSEMINATED EXCEPT AS ALLOWED BY LAW. IF APPLICABLE STATE LAW OR REGULATION IMPOSES ADDITIONAL REQUIREMENTS, YOU SHOULD CONTINUE TO COMPLY WITH THOSE REQUIREMENTS.
Bulletin: SLS2007009
Bulletins by State or Territory
Bulletins by Country
Bulletin: SLS2007009
Dear Associates:
This bulletin advises you of a change in our procedures. Stewart Legal Services will no longer distribute FDIC special alerts via email. Additionally, the special alerts bulletins relating exclusively to FDIC alerts will no longer appear in the “Special Alerts”list on Virtual Underwriter.
Stewart Legal Services will continue to distribute state-specific, multi-state, and national closing alerts issued by the Company as well as bulletins relating to Company policy and broad underwriting practices and procedures, by email through the Exact Target system.
As before, the pertinent FDIC information will continue to be available through our searchable special alerts database. The names of all individuals, financial institutions, and other entities reflected in the Company closing alerts emails (along with the FDIC names) are included in a searchable database that can be directly accessed at http://specialalerts.stewart.com/ or is available as a link from Stewart.com and/or Virtual Underwriter.
Both the Closing/FDIC Alerts database and the Patriot Act/Specially Designated Nationals database can be searched automatically and simultaneously with no additional steps. Before closing a transaction, all issuing offices must search the names of the parties to the transaction, including the seller, buyer, payoff lender and new lender, using our Special Alerts database.
Please continue to immediately report any fraudulent activity which could affect the SISCO Family of Underwriters and/or its policy issuing agents to Stewart Legal Services.
If you have any questions or information concerning possible fraudulent activity, special alerts, and/or closing alerts, please contact:
Mary Thomas
National Litigation Counsel
Stewart Legal Services
Stewart Title Guaranty Company
1980 Post Oak Blvd., Suite 710
Houston, Texas 77056
(800) 729-1902
mthomas@stewart.com
If you have any questions concerning bulletins relating to company policy and underwriting practices, please contact:
Cherisse Patton
Virtual Underwriter Attorney
Stewart Legal Services
Stewart Title Guaranty Company
2 North LaSalle St., Suite 1400
Chicago, IL 60602
312-857-7718
cpatton@stewart.com
For on-line viewing of this and other bulletins, log onto: http://vuwriter.com
References
- Bulletins Replaced:
- None
- Related Bulletins:
- Underwriting Manual:
- None
- Exceptions Manual:
- None
- Forms:
- None