While this is a bit off the mark, I just have to throw it out there. I had a lender (who I have provided title ins./closed for before) tell me last week, that I could not be added to their approved list because I didn't have the required E&O Insurance that their investor required (1mil agg). If they close with me the investor will not "buy" it.
How is that possible? The company I work for complies with all the regulations/laws as set forth by the powers that be. I am very concerned by that. Any ideas on combating them? Now the broker & borrower will have to choose from "their" approved list of title companies.
It is a mad world out there.
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