Where would you find the name of the new mortgage company?

Prepare for the Waco Title Insurance Test. Study with flashcards and multiple-choice questions. Each question comes with hints and explanations to help you succeed. Get ready for your exam!

The name of the new mortgage company can typically be found on Schedule A of the title commitment or title insurance policy. Schedule A outlines essential information about the transaction, including the names of the insured parties, the property description, and the proposed insured mortgage. This section is crucial as it specifically identifies the parties involved in the title transaction, including lenders or mortgage companies that are involved in financing the purchase.

While the Title Policy does provide comprehensive information about the transaction, it may not feature the new mortgage company directly in a clear format. The Closing Disclosure provides details related to the settlement costs and loan terms for the buyer and seller but may not specify the mortgage company's name as distinctly as Schedule A does. The Purchase Agreement details the terms of sale but does not generally contain the name of the mortgage company unless specifically outlined in the financing terms.

Therefore, Schedule A is the most definitive and readily referenced document for finding the name of the new mortgage company involved in the transaction.

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