CO Tie-In Endorsement Guideline 1
Explanation:This endorsement is requested on Loan Policies where the lender is making loans secured by mortgages on various tracts covered by more than one Policy and where the mortgages secure one aggregate loan. The lender wishes to aggregate the liability so that loss on each tract will not be limited to the face amount of the Policy on each tract. By issuance of the Tie-In Endorsement, the Company has effectively issued one Policy and pooled liability since there is no apportionment clause under the Loan Policy. The Tie-In Endorsement may result in the necessity of reinsurance.
Underwriting Requirements:You must secure Underwriter approval for issuance of the endorsement.
The underwriting guidelines contained herein have been provided for general reference. The facts, circumstances, and location of the subject property should be considered when determining the issuance of the requested form or endorsement. Please note that all of the forms and endorsements included in this system may not be available in all states. Accordingly, please contact the appropriate Stewart Title Guaranty Company underwriting personnel in order to determine availability.
Compliance with the underwriting guidelines contained herein in no way obligates Stewart Title Guaranty Company to issue any form or endorsement.
This guideline applies to the following form(s):None