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.
Special Alert: SLS00352
Search the Database
Before closing a transaction, all issuing offices must search the names of the parties to the transaction, including the seller, buyer/borrower, payoff lender and new lender, using the Special Alerts database. Go to the Special Alerts database to search for specific names, entities and properties.
Special Alert: SLS00352
We have been alerted that you may experience a problem in receiving funds
from the following lender/broker:
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
Effective immediately,
all policy issuing agents are instructed not to accept any orders or close any
transactions involving the above entity without the written approval of the
Stewart Legal Services representative listed below:
Mary Payne Thomas
Stewart Title Guaranty
Company
1980 Post Oak Blvd,
Suite
710
Houston,
Texas
77056
(800) 729-1902
Email:
mthomas@stewart.com
If you have transactions which have closed and are pending disbursement,
disbursements can only be made on collected funds and you must verify the
receipt of the funds prior to making any disbursements.
For on-line
viewing of this bulletin, log onto http://specialalerts.stewart.com/
References
- Bulletins Replaced:
- None
- Related Bulletins:
- Underwriting Manual:
- None
- Exceptions Manual:
- None
- Forms:
- None