A date down endorsement moves the date that a title insurance policy goes into effect to a later date. Title insurance protects the owner from damage or loss caused by things that aren’t on the property’s title up to the date of closing.
Most of the time, date down endorsements are used when mortgage loans are being changed or given to someone else. For example, a mortgage loan can be changed if the borrower wants to change the mortgage payments and asks for and gets a date-down endorsement. The coverage period of the title insurance policy is then changed to a later date, such as on or near the date the new mortgage payments are accepted. This means that the owner of the title is not responsible for any losses or damage that happened before the new date.