- January 12, 2009
- All Issuing Offices
- Special Alert - Sunshine Mortgage Corp. and Madison Mortgage Corp.
As of January 7, 2009, Sunshine Mortgage Corp. and its wholesale sister-company Madison Mortgage Corp. have closed their operations.
Effective immediately, all policy issuing agents are instructed not to accept any orders or close any transactions involving Sunshine Mortgage Corp., Madison Mortgage Corp. or related entities, unless you are in receipt of wired funds only.
If you have any pending transactions involving any of these individuals or entities or if you have recently closed any transactions involving these individuals or entities please contact the following Stewart representative IMMEDIATELY.
Vice President Counsel
Stewart Title Guaranty Company
Columbia, SC 29205
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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.