What is a Lender’s Policy?
A lender’s policy, also known as a loan policy or a mortgage policy, protects the lender against loss due to unknown title defects. It also protects the lender’s interest from certain matters which may exist, but may not be known at the time of the sale.
This policy only protects the lender’s interest. It does not protect the purchaser. That is why a real estate purchaser needs an owner’s policy.
Closing in Florida?
Put the file with a team that finds problems early.
Licensed title, escrow and closing services backed by Stewart Title. Buyers, sellers, agents and lenders can open a file securely or talk to our closing team first.