Any revision to this form requires approval of a Stewart Title Guaranty Company underwriter. The underwriting guidelines contained herein have been provided for general reference. The facts, circumstances, and location of the subject property should be considered when determining the issuance of the requested form or endorsement. Please note that all of the forms and endorsements included in this system may not be available in all states. Accordingly, please contact the appropriate Stewart Title Guaranty Company underwriting personnel in order to determine availability.
Compliance with the underwriting guidelines contained herein in no way obligates Stewart Title Guaranty Company to issue any form or endorsement.
Guideline: ALTA Endorsement 10 (Assignment)
Organizational Guidelines
Guideline: ALTA Endorsement 10 (Assignment)
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Explanation:
This endorsement insures the transferee of the insured mortgage and the secured note that the transfer of mortgage is valid, provided that the note has been properly endorsed and delivered to the transferee, or if the note or notes are transferable records, the insured has "control" of the single authoritative copy of each "transferable record" as these terms are defined by applicable electronic transaction laws.
ALTA 10-06 is designed to be issued with a 2006 ALTA Loan Policy. ALTA 10 (07-01-21) contains modifications to align the endorsement to the terms of the 2021 ALTA Loan Policy and is designed to be issued with the 2021 Loan Policy. Where available, use the version of the endorsement designed for the applicable policy, unless approved by a Stewart Title Guaranty Company underwriter. It is not necessary to indicate “-06” or the parenthetical (date) on the endorsement attached to the policy.
Underwriting Requirements:
DO NOT ISSUE THIS ENDORSEMENT IF THERE ARE MULTIPLE BENEFICIARIES UNLESS YOU SECURE THE APPROVAL OF A STEWART SENIOR UNDERWRITER.
1. The name of the transferee should be inserted in section 1 of the endorsement.
2. The assignment must be described in section 2(a).
3. Title must be examined to determine the existence of any full or partial release, reconveyance, or discharge of the insured mortgage, or any modification thereof. Any such matter must be shown in section 2(b) of the endorsement.
4. Determine that there are no inconsistent assignments of record. The record must reflect an assignment from the record holder or beneficiary of the mortgage.
5. The assignment of the insured mortgage must be recorded.
The underwriting guidelines contained herein have been provided for general reference. The facts, circumstances, and location of the subject property should be considered when determining the issuance of the requested form or endorsement. Please note that all of the forms and endorsements included in this system may not be available in all states. Accordingly, please contact the appropriate Stewart Title Guaranty Company underwriting personnel in order to determine availability.
Compliance with the underwriting guidelines contained herein in no way obligates Stewart Title Guaranty Company to issue any form or endorsement.
- This guideline applies to the following form(s):
- ALTA Endorsement 10 (Assignment) (7-1-21)
- ALTA Endorsement 10-06 (Assignment)
- ALTA Endorsement 10-06 (Assignment) (2-3-10)
- ALTA Endorsement 10-06 (Assignment) Revised 10/16/08
- NJRB 5-101 ALTA 106 Assignment Endorsement (7-1-21)
- OTIRO Endorsement No. 210 (Assignment) (07-01-21)
- OTIRO Endorsement No. 210-06 Assignment Endorsement