What letter does the title insurer issue to lenders to encourage business with its agents?

The title insurer issues a Closing Protection Letter to lenders to provide assurance during real estate transactions. This letter serves as a guarantee from the title insurance company that it will protect the lender from potential losses that could arise from mistakes or misconduct by the closing agent.

By providing this letter, the title insurer helps to build trust and encourage business relationships with lenders, as it demonstrates the company’s commitment to safeguard the lender's interests during the closing process. The Closing Protection Letter specifically outlines the circumstances under which the insurer will be liable if the closing agent fails to properly handle escrow funds or misappropriates them.

While other letters might serve different purposes, such as commitments or partnerships, the specific nature of the Closing Protection Letter makes it the correct answer in terms of fostering business relationships with lenders in the context of title insurance practices in Florida.