Difference between revisions of "Lender Response Materials"
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*[https://uww.wfgnationaltitle.com/images/d/d5/ALTA_Int%27l_Facultative_Reins_Agreement_With_Direct_Access_10-16-08.doc Form of Facultative Reinsurance Agreement over $20M] | *[https://uww.wfgnationaltitle.com/images/d/d5/ALTA_Int%27l_Facultative_Reins_Agreement_With_Direct_Access_10-16-08.doc Form of Facultative Reinsurance Agreement over $20M] | ||
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If you find other questions we need to address for our lenders, please add them here. | If you find other questions we need to address for our lenders, please add them here. | ||
Revision as of 15:20, 19 April 2020
From time to time we get lenders or lender's counsel questioning WFG's acceptability for a particular transaction Depending on the nature of the questions, below are sample letters I have used (each of these was updated through 4/2020).
When discussing WFG's capacity, here are some of the talking points I use. These are also suitable for cut and paste into e-mails, but probably should not be sent out AS IS.
We sometimes get requests for a copy of our Lloyd's reinsurance or the form of reinsurance coverage we obtain for amounts over $20M. In order to get the best pricing, we team up with a number of smaller title insurance companies and jointly purchase our reinsurance. You will see that these contracts run to a group of insurers. That doesn't limit the individual coverages.
If you find other questions we need to address for our lenders, please add them here.
