Attention: Title Company/Closing Agent
We must receive the following documents at minimum, 72 hours before you are ready to request funds or funding will be delayed.Completed Application
Current Closing Protection Letter
Evidence of Errors Omissions Insurance- OR -Fidelity Bond Insurance with coverage for negligence
Sierra Pacific Mortgage Closing Agent Requirements:
Error & Omissions or Professional Liability Dec Page
Minimum $500,000 per claim.
- Binder acceptable, however binder expiration date will be used. Please send current policy, if available.
- Must reflect closing agent name as insured and the address for location submitted.
Include bank name and address.
Bank account name must match other supporting documentation.
Include wire ABA and bank account number.
- On closing agent letterhead – must reflect closing agent location address.
Signed by an authorized representative of issuing title underwriter.
Reflect closing agent name and address being approved.
Must be loan-specific CPL including borrower name/address/file number or Sierra loan number.
- Be Issued by a company on Sierra Pacific’s Preapproved Title Insurer List.
- Issued within past 30 days
- Other offices attachments must be specifically referenced in the body of the first page of the CPL.
Loan Number: / Escrow Number:
Acknowledgment:
Company Name:
Signature of Closing Agent:
Request for New Closing Agent10-24-2013
Request for New Closing Agent and/orTitle Insurer
for Sierra Pacific Mortgage Company
Borrower Name (if available):
Closing Agent Information (please check one): Attorney Title Company Closing Agent
Complete Legal Name:
Fictitious Business Name (if applicable):
Principle/Owner (full name):
Phone Number: / Fax Number:
Street Address:
City: / State: / Zip Code:
Please check the box that applies:
Sole Proprietor Corporation Partnership LLC LLP
State organized in:
Business’s Tax ID Number:
If sole proprietor, please provide Social Security Number (SSN):
License Number (attorney or state license, etc.):
Wire Information – Closing Attorney Only
Bank Account Name/Held Under:
Complete Bank Name:
Bank Address (full address required):
City: / State: / Zip Code:
Bank ABA Routing Number: / Bank Account Number:
Phone Number:
We reserve the right to wire funds to the title insurer only.
Title Insurer Information
Title Insurer Name (pre-approved listing):
Street Address:
City: / State: / Zip Code:
Title Insurer Wire Information (if applicable)
Bank Account Name/Held Under:
Complete Bank Name:
Bank Address (full address required):
City: / State: / Zip Code:
Bank ABA Routing Number: / Bank Account Number:
Phone Number:
Request for New Closing Agent10-24-2013
Request for New Closing Agent and/orTitle Insurer
for Sierra Pacific Mortgage Company
NOTE: ALL LOANS SHOULD BE CLOSED IN THE STATE WHERE THE PROPERTY IS LOCATED AND BY AN APPROVED CLOSING AGENT.
Copy of Errors and Omissions Insurance
Closing Protection Letter
If Wire Recipient is a branch of a pre-approved Title Insurer, then no attachments are necessary.
Please provide evidence of branch affiliation.
If Wire Recipient is NOT a branch of a pre-approved Title Insurer, please attach a copy of the Closing Protection Letter from the Title Insurer that will insure the closing.
NOTE: TITLE INSURER SHOULD BE OR WILL NEED TO BE APPROVED ON SIERRA PACIFIC’S PRE-APPROVED LISTING.
ExceptionState – Specific Instructions
Iowa / In addition to Closing Protection Letter, attach evidence of Wire Recipient’s E&O and Fidelity Insurance
New Hampshire / In addition to Closing Protection Letter, attach evidence of Wire Recipient’s E&O and Fidelity Insurance.
New York / Attach evidence of Wire Recipient’s E&O and Fidelity Insurance.
Virginia / In addition to Closing Protection Letter, attach evidence of Wire Recipient’s E&O and Fidelity Insurance.
Vermont / In addition to the Closing Protection Letter, attach evidence of Wire Recipient’s E&O and Fidelity Insurance.
Washington / If Title Company, attach Closing Protection Letter.
If Escrow Company or attorney, attach evidence of the Wire Recipient’s E&O and FidelityInsurance.
If Escrow Company or attorney in Spokane, evidence of E&O insurance only is required.
Authorization/Release for Business and Individuals
The Closing Agent as named above acknowledges that it is in the best interest of the Closing Agent and Sierra Pacific Mortgage Company, Inc., (and any subsidiaries or representatives) (SPM) to perform due diligence to verify the existence of the Closing Agent’s business, its business practices, bank information, insurance information, etc., in connection with the closing of real estate secured transactions on behalf of SPM. Closing Agent and/or its representative hereby consents and gives SPM authorization to submit the name of the applicant, applicant’s company, and any supporting documentation through all industry background databases including, without limitation, and not limited to, databases operated by First Line Data for purposes of verifying the information contained on this application and validation of any/all supporting documentation provided as a requirement of becoming an approved closing agent for SPM.
Signature of Principal/Owner/Authorized Corporate Officer:
Printed Name: / Date:
Email Address:
Phone Number: / Fax Number:
Please Return Application and All Supporting Data to the Branch Providing this Application.
Request for New Closing Agent10-24-2013