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: NY000699a
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Bulletin: NY000699a
As mentioned in Bulletin NY000699, we have made some exciting changes to our Agent Authorization Letter request process. We will be phasing out the NYAgentLetter@stewart.com email group as our standard Authorization Letters can now be created in your Title Production System (TPS) programs. As a reminder, the following TPS programs support this feature:
- Stewart Connect
- TrackerPro
- SnapClose
- TitleFusion
A new email group, NYSpecialLetters@stewart.com has been created to facilitate with any agent letter requests outside of the standard AAL. 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)
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.
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