- November 27, 2000
- All Issuing Offices
- Closing Alert
Effective immediately, all policy issuing agents are instructed not to close on any transactions involving the below listed companies unless approval has been received in writing from Stewart Title Guaranty Company's Chief Claims Counsel:
Sunstate Mortgage, Inc.
Sun America Mortgage, Inc.
Sun America Mortgage
Diversified Mortgage Co. of East Greenwich
Diversified Mortgage Company, Inc.
Diverse American Mortgage Company
Diverse American Assurance Company, Inc.
Diversified Mortgage Group, LLC
PHM Mortgage Group LLC
If you have any closings scheduled with any of these companies, do not close the transaction and immediately contact:
Patrick R. Thesing, Esq.
Chief Claims Counsel
Stewart Title Guaranty Company
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.