Define: Underwriters What is the difference between Title Co

venkatesh1011 · Joined: 09 Aug 2007 Posts: 16 6.37 Dollars($)

I need to know what exactly they do and need a clear clarification on these two terms.

Thanks in advance

adonis · Posted: Thu Aug 09, 2007 4:51 am Post subject:

Welcome Venkatesh,

Underwriter is a professional appointed to evaluate the financial ability of a borrower. He is the person who actually analyzes the risk in providing you with a loan.

The lenders or loan companies take help from underwriters in verifying the information you've provided in your loan application and related documents. To know more on what the lenders and underwriters check about a borrower, refer to the section on Underwriting.

jenkin7 · Joined: 04 Jun 2007 Posts: 939 140.80 Dollars($)

Hello venkatesh,

Title company offers services like conducting title search in order to find out if the title to the property is clear or if there is any defect in it. The defects may include liens, judgments etc.

You can check out further to know more about the services of title companies.

0.10 Dollars($)

In your context (title insurance), the underwriter is the actual insurance company issuing or insuring the policy. The "title company" is the title agent of the underwriter and does the base search, issues the commitment and final policy. Also normally countersigns the policies in addition to the presigned signatures from the underwriter.

All times are GMT - 7 Hours

Page 1 of 1