Virtual Underwriter

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Bulletin: SLS2011008

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Bulletin: SLS2011008

Bulletin Document
V 2
Date: April 01, 2011
To: All Issuing Offices
RE: Recap and Reminder

Dear Associates:

This Bulletin reminds you of your obligations as a policy-issuing representative of Stewart Title Guaranty Company ("Stewart"). In addition to possessing the customary knowledge associated with real estate closings in your jurisdiction, you are required to have specific knowledge of, and comply with, Stewart's underwriting practices, requirements and guidelines. These include, but are not limited to, our Underwriting Manual, Bulletins and Special Alerts. These resources, together with other important information, instructional materials and commonly used forms are contained in Virtual Underwriter, available online at www.vuwriter.com.

Please note the following Bulletins recently issued or reissued relating to topics of current concern:

SLS2008015 Paying Off Line of Credit Mortgages

MU2009001 Equity Lines

SLS2009011 Insuring at or after Mortgage or Deed of Trust Foreclosure

SLS2009016 ALTA Policy Licensing Initiative

SLS2011007 Short Sale Transactions

SLS2010004 Short Sales

SLS2010007 Reminder - Availability of Reduced Rates

SLS2010019 Closing Protection Letter (Insured Closing Letter) Updates

SLS2010022 STG Request for Approval to Issue Overlimits (Large) Policy or Extra Hazardous Coverage

SLS2010023 Insuring at or after Mortgage or Deed of Trust Foreclosure

SLS2010026 Issuing Authority and Escrow Instructions

SLS2010027 Mortgage Challenges

MU2010002 Creditor's Rights

MU2010004 Acceptance of Instruction Letters

MU2010007 Mechanic's Liens Coverage During Construction - Priority if No Lien or Suit Filed when Disbursing (1)

MU2010008 Mechanic's Liens Coverage During Construction - Initial Priority if No Commencement (3)

MU2010009 Mechanic's Liens Coverage During Construction - No Priority (2)

As an accommodation, Stewart also distributes Bulletins and Special Alerts electronically. You are encouraged to sign up for electronic distribution of Bulletins and Special Alerts by contacting the Bulletin Coordinator at sylvia.lopez@stewart.com. Please also promptly forward any changes regarding your email address. Please ensure that emails from Stewart are not blocked or misdirected to your spam folder. Please add (sylvia.lopez@stewart.com) to your Address Book and Safe Senders List.

As a reminder, you are responsible for knowledge of and compliance with the information contained in all Bulletins and Special Alerts as posted on Virtual Underwriter (www.vuwriter.com), whether you receive them by electronic distribution or not.

If you have questions related to this bulletin, please contact Stewart Legal Services or your local underwriting personnel.

For on-line viewing of this and other bulletins, please log onto www.vuwriter.com.

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.

References