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Limited Coverage Policy (LCP)
Our limited products are most often used by title insurers and lenders for home equity lines, pool construction loans, and other loans that are not related to a sale of the property.
The searches supporting these packages are nearly identical to those for a refinance commitment. However, the delivered product is somewhat abbreviated as normally carries a limited amount of insurance.
When we complete an LCP, we derive our results using your underwriting guidelines, business rules, and customer requirements. As documents are identified and retrieved, we extract all of the relevant information to complete the product and deliver and completed result directly into your customer or in a format that you can deliver straight to your customer. We include all of the supporting details, documents, taxes, even an associated map. During normal production, our average delivery time on completed LCP orders is less than one hour.
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