Owner Vs Lender Title Insurance Scenario

[Farah A.]

Hi all,

I am in the process of getting a mortgage loan and I have a question about Title insurance.

In the executed contract the seller agreed to buy the Owner’s title insurance. The title company released that it would cost of $2,387.

I am working with a lender and see that they are charging me $2,229 for the Lender’s Title Insurance on the Loan Estimate.

Can I somehow take advantage of the “simultaneous issue rate” to decrease the price of the Lender’s Title Insurance even though the seller is the one paying of the owner’s title policy?

Thanks is advance!

Farah