In one sentence
Add-ons to a title policy providing coverage for specific risks beyond the standard policy.
The longer version
Endorsements tailor title coverage: zoning, survey, comprehensive, access, and many more, each addressing a particular concern. Lenders negotiate the endorsement package alongside exception clearing.
Which endorsements a deal needs flows from the survey, the zoning report, and the property's specifics, tying title coverage to the rest of diligence.
Common questions
- What are title endorsements?
- Additions to a title policy that provide coverage for specific risks, such as zoning, access, contiguity, survey matters or the effect of covenants and restrictions.
- Which title endorsements do lenders commonly require?
- It varies by deal and state, but commonly comprehensive, zoning, access, survey, tax parcel, contiguity, environmental lien and variable rate endorsements.
- Are title endorsements available everywhere?
- No. Availability and pricing vary by state, which is why lender requirements are often adjusted for local practice.
Keep reading
- The commercial loan closing checklistWhat goes on the list and who owns each line.
- The due diligence checklist, built to be runChecklists as systems, not documents.
- The commercial loan closing processThe five stages from term sheet to funded.
- Due diligence softwareThe request list, the owners and the dates in one place.