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: NY000699
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Bulletin: NY000699
We would like to inform you about some exciting changes to our Agent Authorization Letter request process. Agents now have the option to create and print standard Agent Authorization Letters within their title production programs, saving the need to send in an additional request. This option is available in the following TPS programs:
- Stewart Connect
- TrackerPro
- SnapClose
- TitleFusion
Please note, this does not include any special authorization letter requests, outside of the standard AAL, or any letter that requires a live signature. For requests of this nature, you will still need to submit a request for processing. Examples of a special authorization letter are as follows:
- County Clerk Check Guaranty/Indemnity Letters
- Town/County/Departmental Letters
- Requests to modify approved language of a standard AAL (requires Underwriter approval)
As we approach the end of 2023, we will be phasing out the NYAgentLetter@stewart.com request inbox. Until that time, you can still submit a request to this group for any of the above-mentioned letters, however, we encourage our agents to familiarize themselves with the AAL functions within their title production programs. Your Agency Representatives are available to assist with any questions/training on how to use this feature.
On January 1, 2024, a new email group will be created to handle any requests for Special Authorization Letters. Additional guidance will follow as we approach this date.
In the event you have any questions regarding the above, please contact Stewart Title Legal Department at 212-922-0050 and speak with any Underwriting Counsel.
For on-line viewing of this and other bulletins, please log onto www.vuwriter.com.
Attachments: Letter 18 re CPL in NY
References
- Bulletins Replaced:
- None
- Related Bulletins:
- Underwriting Manual:
- None
- Exceptions Manual:
- None
- Forms:
- None