- August 29, 2007
- All New York State Office Counsel, Managers and Agents
- BNC Mortgage LLC
We have been alerted that you may experience a problem in receiving funds from the following lenders/brokers:
BNC Mortgage LLC
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 Title Insurance Company Agency Legal Services.
For additional guidelines regarding procedures to be followed, please continue to consult Bulletin NY000311.
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.
- Bulletins Replaced:
- Related Bulletins:
- NY000311 Mortgage Lenders That Are The Subject Of Closing Alerts Or That May Be Troubled
- Underwriting Manual:
- Exceptions Manual: