Lenders

Title insurance isn’t just for people purchasing a new home or property! Professional Title Services also specializes in lender title policies. Lender policies protect the mortgage holder. If there is a fault in title that results in a loss, the mortgage holder will be paid back. We combine our team’s knowledge with the latest technology to streamline the closing process for all parties involved.

Lender's Policy

Most lenders require a loan policy when they issue you a loan. The loan policy is usually based on the dollar amount of your loan. It protects their investment (the mortgage) and protects them against loss should a title problem arise. The policy amount decreases each year and eventually decreases as the loan is paid off.

Lender's title insurance only protects the lender. It does not protect the owner. (FAQ - Doesn't the lender's title insurance protect the homeowner?) No. A lender's policy protects only the lender's interest in the property should a problem arise. It does not cover the owner's equity in the property and will not pay the homeowner's legal expenses if there's a title problem. Only an owner's title insurance policy will protect the homeowner.