Explain about Closing Production Letter?

Guest 0.10 Dollars($)

Hi Srao,

Are you asking about Closing Protection Letter? Please specify.

larry · Joined: 27 Jun 2007 Posts: 3328 473.51 Dollars($)

Hi Srao,

A Closing Protection Letter is a document issued by an underwriter on behalf of the title insurance company and is send to a lender.

Through this letter, the title insurance underwriter states his responsibility for any kind of damage or error if occurred at the time of closing the mortgage.

ravik · Joined: 07 Sep 2007 Posts: 22 10.42 Dollars($)

Hi Rao,

Closing Protection Letter furnishes protection to purchasers, lessees and lenders when closings are conducted by the title company's issuing agents or approved attorneys. The protection is against loss or damage arising from failure to follow the lender's written closing instructions.

Ravi

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