Underwriting Corner
BEBlast
Remember to Remember
Fund Concept
Branch Education
100
This many clauses are related to OGM (Oil, Gas & Mineral) Reservations.
What is 9?
100
The new FinCEN GTO expires on this date.
What is February 23, 2017?
100
This menu in ATIDS XE contains the research functions formerly performed in Reflections.
What is the Title Plant menu
100
This article addresses the analysis involved when dealing with mortgage modifications for insuring and rating purposes.
What is Mortgage Modifications - Insuring and Rating Revisited
100
The section of Chapter 2 of the EDR that was updated in July involved this product.
What is the Title Certificate (02)?
200
This clause is used when the TIFF deed is silent as to mineral reservations.
What is C0335? (C0635 is used when the TIFF deed is not silent as to mineral reservations)
200
Name the counties affected by the new FinCEN GTO.
What are Miami-Dade, Broward and Palm Beach?
200
When plat book and page number are entered, the underlying acreage codes and any underlying sub or condo information is provided when using this ATIDS XE action.
What is Underlying Property Information
200
These are the 2 ways to impose an equitable lien on a property.
What is (1) by way of a written contract showing an intention to charge a particular property with an obligation, or (2) through a judicial determination out of consideration of a right or justice as applied to a particular case.
200
Melissa S. Scaletta, Vice President and Underwriting & Education Manager at The Fund, updated this handout which can be found on the Productions Docs page of the Intranet.
What is the Marketable Record Title Act & Curative Statutes?
300
Some mineral interests escape the effect of MRTA. Explain when MRTA does not apply and both instances when it does apply.
Applies - When there is a leasehold estate in minerals and when there is a right-of-entry or the right to explore and access the mineral estate. Does not apply - When a mineral estate is held in fee?
300
Name the 5 qualifying items for a transaction to have the new FinCEN requirement.
What are: 1. Property is located in Miami-Dade, Broward or Palm Beach Counties; 2. Purchase of residential property (a 1-4 family dwelling); 3. Purchase price is $1,000,000 or more; 4. Purchaser is a legal entity (a corporation, LLC, partnership or other similar business entity); 5. Purchase is being made with cash or a loan by a seller, private lender, or non-bank entity;
300
Use this ATIDS XE Action for finding similar plat names or phase information.
What is Plat Listing from Plat Name?
300
The failure of a lender to do this does not invalidate the mortgage.
What is register with the Department of State and comply with licensing requirements?
300
This 5 page summary of basic details of MRTA practical to Examiners was prepared by John “Jay” St. Lawrence, Legal Education Attorney.
What is MRTA Fundamentals for Fund Examiners?
400
In order to insert a clause which does not include the right of entry on a privately held OGM Reservation, these steps, which are included in the checklist, must be completed.
What is:  A full MRTA examination of the mineral estate must have been performed.  There is a MRTA root deed that makes no reference to a mineral reservation.  There is no document in the chain of title from the MRTA root forward that references the mineral reservation.  There is no tax parcel associated with the subsurface mineral estate.  There is no easement in use affording access to the subsurface; there are no partial releases or transfers of the mineral reservation of record; and, the owner of the property has no knowledge of anyone granting releases
400
Even if the insured amount is less than $1,000,000, the FinCEN clause is still required when the examiner sees this.
What is the appraisers tax roll shows a value greater than $1,000,000.
400
By entering the Plat Book/Page, more information about the Plat becomes available, such as the Date of Plat, Lot/Block unit numbering and underlying information, when using this ATIDS XE Action?
What is Plat Information From Plat Reference?
400
Some of the areas that have been affected by the updates in Part II of this Article include ad valorem taxation, estates, mobile homes, judgments, location of utilities, service of process on financial institutions, family law, sinkhole coverage, and elevators.
What is the Legislative Update?
400
This Chapter of the EDR was designed for complete customization by the individual Examiners and is where you should add any great tool or resource for easy reference.
What is Chapter 5 entitled Miscellaneous?
500
This Statute is presented in its entirety in this month's BEB to emphasize that each examiner should take the time to read it. Name the Statute and what area it relates to.
What is 270.11? Contracts for sale of public lands to reserve certain mineral rights; prohibition on exercise of right of entry in certain cases.
500
The FinCEN Miami clause will no longer be in effect and will be removed from production on this date.
What is August 29, 2016.
500
Use this ATIDS XE Action to view posting information of a recorded instrument.
What is Instrument Posting Information
500
Aside from addressing FAQ's raised by members relating to this topic, this Article will help with identifying when modifications do and do not result in substitution loan rates, dealing with spreaders, and rating.
What is Mortgage Modifications?
500
This product is not widely offered and is only available for select, pre-approved Members.
What is the Title Certificate (02)?
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