Why do I care about the UWAL?
If you aren’t checking every new title order you get against every Underwriter Alert, you may insure a transaction that your Underwriter has called out. These transactions have a very high likelihood of claims and your Underwriter can – and likely will – ask you to participate in that claim. Just one of these could cost you a huge headache and a fortune, or even sink your entire business.
Is the person that processes new orders at your title agency checking every one against every single underwriter alert email you’ve gotten?
Even if you do try to do that, how sure are you that you haven’t made any mistakes and missed some alerts?
Other Underwriters also send alerts that you never get to see. Again, these transactions have a very high likelihood of claims. By using our UWAL, you’re cross checking multiple Underwriter’s Alerts to minimize your risk of a catastrophic claim.
Next time you get a new title order, before you order a search or taxes and start incurring costs and risk, take 10 seconds and make sure your property, seller and buyer haven’t been cautioned by any major title underwriters, including yours. It might be the easiest thing you can do to save your business from a catastrophic loss.