A Lender’s Title insurance policy protects the lender in the event ownership and/or rights to a property are challenged. The lender has a direct interest in the property and therefore requires that their interest be protected.
You as the borrower pay for this protection which is why it is always the choice of the current owner, in the event of a refinance, or the purchaser as to which title company or agent they would like to use. The Lender’s Title Insurance policy is produced after the closing insuring that all matters affecting title have been properly disposed. Through our vast network of attorneys statewide who provide closing services, Legacy is a great choice for any client.