Title Insurance For Lenders

First Integrity Title works closely with lenders and their customers to coordinate all title aspects regarding the closing and funding process.

Title insurance follows the assignment of the mortgage loan, meaning that the policy benefits the purchaser of the loan if the loan is sold. For this reason, these policies greatly facilitate the sale of mortgages into the secondary market. The secondary mortgage market is high volume purchasers like Fannie Mae and Federal Home Loan Mortgage Corporation including private institutions as well.

First Integritty Title has forms that are used throughout the state of Florida and sometimes modified for different areas. Basic elements of insurance they provide to the lender that cover losses from the following matters include:

 The title to the property on which the mortgage is being made is either, not in the mortgage loan borrower, subject to defects, liens or encumbrances, or unmarketable. If there is no right of access to the land. The lien created by the mortgage is invalid or unenforceable, is not prior to any other lien existing on the property on the date the policy is written, or is subject to mechanic's liens under certain circumstances. Policy ALTA forms also includes the coverage cost of defending insured matters against attack. All of the policies except or exclude certain matters and are subject to various conditions.

There are also ALTA mortgage policies covering single or one-to-four family housing mortgages. These cover the elements of loss listed above plus others.