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Excluded Parties List System

The Excluded Parties List System (EPLS) is an electronic searchable database listing all persons suspended or disbarred from receiving federal contracts or benefits. Settlement agents, title and escrow companies are subject to suspension or debarment if it has been determined they acted inappropriately on a transaction involving the U.S. government. Access to EPLS is free and only contains the names of individuals or companies who have been suspended or debarred by the federal government.
www.epls.gov/epls/search.do

Testimony

ALTA Testifies at House Financial Services Hearing on the Title Industry's Role in Detecting Mortgage Fraud

Frank Pellegrini Testifies ALTA Board Member Frank Pellegrini testified today at a House Financial Services Subcommittee on “Strengthening Oversight and Preventing Fraud in FHA and other HUD Programs.” Pellegrini, President of Prairie Title in Chicago, IL, told Members of Congress, "title professionals enjoy a unique vantage point from which to observe, identify and thwart instances of fraud. Title agents are the independent third party to the transaction whose only interest is to the integrity of the transaction and the protection of our customers. Through training and experience, we hone our ability to spot improper transactions every day."

Supporting Documents

  • ALTA Press Release
  • Frank Pellegrini Oral Testimony
  • Frank Pellegrini Written Testimony
  • WMA Audio File of Testimony 
         [Windows Media File]
  • mp3 Audio File of Testimony 
         [iTunes mp3 File]
  • Mortgage Fraud Links

    FREDDIE MAC - Avoiding Mortgage Fraud
    Layman’s guide to Mortgage Fraud, including examples and links to assistance.
    www.freddiemac.com/avoidfraud

    MBAA-MBA Fights Mortgage Fraud
    Complete one stop web sites for mortgage fraud information and news.  Links to the FBI and reports by the Mortgage Asset Research Institute reports on Mortgage Fraud.
    www.mortgagebankers.org/IndustryResources/ResourceCenters/MortgageFraudResourceCenter.htm
    www.homeloanlearningcenter.com/ConsumerHelpDesk/UnderstandingandReportingSuspectedPredatoryLendingandFraud.htm

    FBI-Mortgage Fraud
    A comprehensive overview of mortgage fraud in the US, Including links to news, real stories, and statistics.
    www.fbi.gov/hq/mortgage_fraud.htm

    DOJ-Mortgage Fraud
    Information on reporting mortgage fraud to law enforcement as well as news regarding mortgage fraud.
    www.justice.gov/usao/md/Mortgage-Fraud/index.html

    National Association of Realtors - Field Guide to Mortgage Fraud
    A compendium of mortgage fraud resources.  Includes links to both federal and state law enforcement and regulators. Consumer friendly explanations of mortgage fraud to assist consumers protect themselves.
    www.realtor.org/library/library/fg330

    AnnualCreditReport.com
    Allows consumers to track changes to their credit history and prevent erroneous and fraudulent transaction using their identity.
    www.homeloanlearningcenter.com/ConsumerHelpDesk/UnderstandingandReportingSuspectedPredatoryLendingandFraud.htm/

    FTC - Identity Theft
    A comprehensive web site on identity theft and its impact on consumers.  Provides assistance to consumers who suspect they are the victim on identity theft.
    www.ftc.gov/bcp/edu/microsites/idtheft/

    FTC - Understanding Mortgages
    Provides information about mortgages and the home buying process.  Helps consumers defend themselves from being the victims of mortgage and foreclosure assistance scams.
    www.ftc.gov/bcp/menus/consumer/credit/mortgage.shtm

    BITS - Mortgage Fraud Prevention: An Education and Awareness Toolkit for Consumers
    A report on mortgage fraud and how to avoid becoming a victim.  Gives examples of common schemes and tips for obtaining a legitimate mortgage.
    www.bitsinfo.org/downloads/Publications%20Page/BITSMortgageConsToolkit013108FINAL.pdf

    HUD - Don't Be A Victim Of Loan Fraud
    Tips to assist consumers from being the victim on loan fraud.  Provides 11 tips to being a smart mortgage consumer.
    www.hud.gov/offices/hsg/sfh/buying/loanfraud.cfm

    Treasury Department FINCEN – Mortgage Fraud
    News releases, reports, speeches and testimony from the Financial Crimes Enforcement Network
    www.fincen.gov/mortgagefraud.html


    Contact Government Affairs Staff



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    American Land Title Association
    1828 L Street, NW, Suite 705
    Washington, DC 20036-5104
    P. 202.296.3671 F. 202.223.5843
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    service@alta.org
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