Role Intro + Schedule A
The promise to issue title insurance for the property is known as
Title Commitment
Civil judgments or active litigation found on title
Title Issue: Lien
Holds ownership interest in the property but has no financial obligation on the loan.
NBTH or NBS
This section lists items that must be satisfied before title insurance can be issued.
Requirements
This state mandates a judgment search for all clients and titleholders on the loan
NJ
This Schedule A detail must be within 90 days of closing or gap coverage must be addressed
Effective Date
A mismatch in parcel ID between title and AMP
Title Issue: Property
This loan product restricts vesting to only the veteran and their spouse/surviving spouse.
VA loan
A manual downgrade may be needed on this loan type if a judgment or lien is found on title
FHA loans
This state requires a specific insurer as the only approved title underwriter.
Iowa
The three states that may exclude Rocket Mortgage as the Proposed Insured on the title commitment
CA, HI, and NV
The four types of tracking items that can be set to monitor and manage title issue effectively
Title Issue: Lien
Title Issue: Property
Title Issue: Vesting
Title Issue: Other
This tool can show us the tenancy options recognized by the state.
Title Gadget
This section identifies risks and items not covered by the title insurance policy.
Exceptions
This state requires an exact parcel ID match
PA
This ownership type indicates the client owns both the land and the subject property
Fee simple
The tracking item used for notes and vesting information.
Title Received - Needs Review or Title Needs to Be Reviewed
If consideration is missing from a deed, this is the correct next action before updating AMP.
Contact the closing agent to verify the amount
If a closing agent advises that a judgment doesn’t belong to our client these two things that can be provided
Title Supplement
Non-Identity Affidavit
In this state, once a property closes as a cash-out loan, all future refinances must remain cash-out.
TX
If the city on the title differs from AMP but the ZIP code matches, this external tool should be used to verify accuracy before escalating.
USPS ZIP Code Lookup
An inconsistency between the property type listed in AMP and the title information
Property Verification Required
The three sources of information that can be used to determine vesting
Title Commitment
Unexecuted Deed
General Order Details
If a UCC collateral section includes the legal description or subject property address, this tracking item must be set.
LMBRU: Title Issue Exists
In New York co-op transactions, this document is used to verify ownership and vesting instead of a deed.
Stock Certificate