(ON DEMAND) Understanding Title Insurance Policies, Commitments & ALTA Endorsements

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A thorough understanding of title insurance policies and commitments is essential to personnel who deal with real estate loans. This webinar will provide the information needed to understand the proper use of loan title insurance policies and commitments, including the insured covered risks, coverage exclusions and exceptions, and endorsements. It will examine each part of the ALTA standard form loan policy and commitment, and review common endorsements required by lenders. After this webinar, you will be able to confidently handle the next title insurance issue that arises at your institution.

HIGHLIGHTS
Key elements of the loan title commitment and policy
Ordering the loan title commitment
Standard loan title policy coverages and extended coverages
Standard loan title policy exceptions and special exceptions
Importance of using an instruction letter before funding

TAKE-AWAY TOOLKIT
Checklist of common endorsements required by lenders
Employee training log
Quiz you can administer to measure staff learning and a separate answer key

Attendance verification for CE credits provided upon request.

WHO SHOULD ATTEND? Loan officers, loan operations personnel, insurance agents, managers, auditors, compliance officers, attorneys, and other personnel that deal with title policies and commitments.

ABOUT THE PRESENTER – Elizabeth Fast, JD, CPA, Spencer Fane LLP, a partner where she specializes in the representation of financial institutions. Elizabeth is the head of the firm’s training division. She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University. In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant. Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions. She is a member of the Missouri State Banking Board by appointment of the Governor.

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