Stewart Title Policy Jacket Update for Mezzanine Loans Approved in Delaware
July 22, 2025
Stewart Title National Commercial Services (NCS) announced the approval of its revised and updated Policy Jacket product in Delaware.
UCC ONE is a specialized servicing group of NCS launched in 2002 that offers comprehensive solutions that help protect the security interest of its clientele in mezzanine loan transactions.
“Our industry is continually evolving,” said Erin Sheckler, group president of NCS. “Consistent with that ongoing evolutionary cycle, it’s one of our key customer-facing priorities to ensure that our policy products maintain pace with those continual changes, as well as anticipate them when possible. In this case, we wanted to create the most comprehensive solution to help protect lender interests on mezzanine loans.”
With the overwhelming majority of all mezzanine loans originating on behalf of Delaware-based entities, Stewart NCS saw a need to secure the required review and approvals in order to make the initial offering of this new policy jacket in Delaware. The policy’s optional Pledged Equity Endorsement is custom-made for mezzanine loans and equity pledges, extending the policy coverage over special certificated securities pledged as collateral and incorporates additional lender protections under Article 8 of the Uniform Commercial Code.
“We saw a great need for a refresh because there hasn’t been an update like this in the industry in many years,” said Jeremy Poetker, chief underwriter for NCS. “We focused on streamlining and clarifying the policy language, resulting in the only substantively updated policy to be offered within the industry in a long time. It would be an understatement to say that we’re pleased with, and proud of, the end result.”
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