Bulletin: NYSA000102

Date:
March 07, 2007
To:
All New York State Office Counsel, Managers and Agents
RE:
Alert (New Century Mortgage)

We have been alerted that you may experience a problem in receiving funds from the lender/broker listed below:

New Century Mortgage

New Century Mortgage uses among others, the following addresses:

New Century Mortgage (Corporate Office)
18400 Von Karman
Irving, CA 92612

New Century Mortgage
2 Huntington Quadrangle,Suite 1S01
Melville, NY 11747

Please do not accept any orders or close any transactions involving the above entity without the written approval of the Stewart Title Insurance Company Agency Legal Services at:

 

Stewart Title Insurance Company
300 East 42nd Street, 10th Floor
New York, NY 10017
Ph: 212-922-0050
Fax: 212-983-1133

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.

References

Bulletins Replaced:
None
Related Bulletins:
None
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None