Vesting Approval Process

Effective 4/8/2021


Processor to Address 

  • If vesting is not matching current prelim 
    • CA – obtain vesting amendment from escrow 
    • Not CA – ensure prelim reflects correct parties as proposed insured
  • Marital status 
  • How is NBS being addressed (if married borrower is applying separately) 
  • If title only spouse is being added the name & email address added to doc order asap


Underwriting to Review 

  • Current vesting on prelim (all states); or 
    • Proposed insured on prelim (not CA); or 
    • Vesting amendment from escrow (CA) 
  • Marital status / NBS requirements based on state requirements (if married borrower is applying separately)


CD Team to Complete 

  • Set vesting in Encompass to match either 
    • Current vesting on prelim (all states); or 
    • Proposed insured on prelim (not CA) & add accurate marital status; or 
    • Vesting amendment from escrow (CA) 
  • Approve vesting if requirements are satisfied 
  • Deny vesting with clear reason if requirements are satisfied 
  • Primary Refinance: Ensure all NBS required to be on title or sign DOT have eConsented and receive CD


Docs Team to Complete 

  • Verify vesting is accurate based on 
    • Current vesting on prelim (all states); or 
    • Proposed insured on prelim (not CA) & add accurate marital status; or 
    • Vesting amendment from escrow (CA) 
  • Outside of CA – confirm with title/escrow prior to releasing docs during balancing process 
  • Ensure all NBS requirements are met per state requirements