UCC Plus Information

UCCPlus also provides coverage with respect to those certificated transactions in which the borrower "opts in to" Article 8. UCCPlus policies include UCC search and filing services. The policy was originally developed to expand coverages available to lenders, while at the same time complementing the traditional legal opinion, successfully relieving liability to outside counsel in connection to priority and perfection. UCCPlus waives the right of subrogation in connection to lender's counsel and frequently reduce loan origination costs to the borrower, while enhancing the value of loans sold into the secondary market. An extremely important advantage of UCCPlus over our competitor's is that our policy presumes the debtor's rights in collateral, thereby overcoming a substantial exclusion found in competing products. Policies are underwritten and produced by the UCC Insurance Division for the Alamo Title, Chicago Title, Fidelity National Title, Security Union and Ticor Title brands of Fidelity National Title Group, Inc. Collectively, FNTG (and its close relative Fidelity National Financial) are #261 in the Fortune 500 List of America's Top Corporations, and the nation's largest provider of real estate origination and closing services. FNTG's UCC Insurance Division has developed a particular expertise in underwriting and insuring large mixed-collateral loan transactions (hotels, shopping centers, power plants, casinos and office buildings), major-market asset based loans, commercial loan work-outs and high yield mezzanine financing transactions. UCCPlus underwriting staff consists of lawyers and paralegals specializing in commercial finance transactions. Opened orders for UCCPlus exceed $25 Billion. Our clients include Goldman Sachs, Morgan Stanley, Bear Stearns, Greenwich Capital, Credit Suisse First Boston, Deutsche Bank, JP Morgan Chase, Merrill Lynch, GMAC, BofA, Wachovia, Key Capital, Citigroup, TIAA-CREFF, Countrywide, ARCS, MONY, Prudential, RAIT, Wells Fargo, Column Financial . Many of the nation's ...