The Title Commitment and the Insurance Declaration: What Pre-Close QC Has to Check Against the Rest of the File
Title and hazard insurance arrive from third parties, late in the process, and get a glance because someone else is responsible for them. Then the vesting does not match the note, the mortgagee clause names the wrong entity, or the deductible exceeds the investor limit, and the defect is found after funding. A technical account of the cross-document checks our pre-close QC agent runs on these two documents, the Fannie Mae B7-2 and B7-3 rules behind them, and where the TRID and fraud checks meet them.