1. Presented by
Closing Protection Letters and Title Insurance Coverage

2. Caticspolicy of title insurance (the policy), and
Catics closing protection letter (CPL) which is sometimes called an insured closing letter (ICL)
You may not realize that CATICs insureds are protected by two sources of recovery:
3. Coverage under the title insurance policy relates to the quality of the borrowers title tothe real estate collateral offered to guarantee repayment of the mortgage loan.
The title insurance policy provides that the insured lenders mortgage is:

a valid instrument

4. recorded in the correct lien priority.