Assurance Title issues Wisconsin and ALTA (American Land Title Association) endorsements upon request. Below you will find information on our most commonly requested endorsements:
ALTA 6-06 Variable Rate Endorsement
(a/k/a the Adjustable Rate Endorsement) The cost for this endorsement on a residential loan policy will vary from $100.00 to $125.00 depending on the underwriter. On a commercial loan policy the VRM Endorsement varies from $200.00 to $250.00 depending on the underwriter.
Fannie Mae Balloon Mortgage Endorsement
The cost for this endorsement on a residential loan policy is again $100.00 to $125.00 depending on the underwriter.
Balloon Payment Endorsement
Available for commercial loan policies at the cost of $500.00.
The Wisconsin Gap Endorsement
Used to give a buyer additional coverage and is widely requested for purchase transactions. This endorsement is available for both residential and commercial properties and the cost can again vary depending on the underwriter. For a residential purchase transaction the cost of this endorsement is $100.00 to $125.00. For a commercial purchase the cost of this endorsement is $125.00 to $200.00 depending on the underwriter.
Some specialty endorsements utilized for large commercial projects will require additional research, documentation and may result in additional fees. Assurance Title works hand in hand with the underwriter and any attorneys when specialty endorsements are requested.
Assurance Title currently is an agent for Commonwealth Land Title Insurance Company, First American Title Insurance Company and Old Republic National Title Insurance Company. We are happy to partner with underwriters on large commercial projects and have an experienced team.