American Land Title Association
Print Friendly
Home  >  Advocacy

SoftPro is the nation's leading provider of Real Estate Closing and Title Insurance software

North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

Consumer Financial Protection Bureau

ALTA Members Can Access Webinars on CFPB’s Proposed Regulations and Mortgage Disclosures

August 14, 2012

Since the Consumer Financial Protection Bureau released its 1,099-page proposed rule to go with a new Loan Estimate and Closing Disclosure that will replace the current TIL, GFE and HUD-1 disclosures, ALTA has held several webinars to help inform the industry about the proposal and prepare for the changes. Nearly 2,000 industry professionals have participated on the presentations to learn how the proposed forms and regulations could impact business and work flow.

Joining ALTA CEO Michelle Korsmo and ALTA lobbyists have been ALTA RESPA Task Force members Don Wold (chair) of Old Republic National Title Insurance Co., Leslie Wyatt of SoftPro and Ruth Dillingham of First American Title Insurance Co., as well as ALTA members Francine D’Elia Wirsching of Community First Abstract and Shari Schneider of Title Resource Group.

The first webinar on July 12 provided an overview of the proposed regulations. The second webinar on July 25 addressed the proposed three-page Loan Estimate, which will replace the early TIL and GFE, and the five-page Closing Disclosure, which will replace the HUD-1 and final TIL. The third webinar on Oct. 8 analyzed the proposed three day rule and how it could delay closings and impact business.

Click here to access past presentations. Note that you must be logged in to access the recordings. To get involved, join the Title Action Network.

The proposed regulations and mortgage disclosures are currently under a public comment period that ends Nov. 6, 2012. Comments regarding changes to the calculation of the finance charge and annual percentage rate are due by Sept. 7, 2012

As you review the rule and the new forms, consider how it will impact your business and consumers. You can send feedback to ALTA at so that we can incorporate them into ALTA’s official comments to the CFPB. Click here to submit comments directly to the CFPB. When providing feedback, give specific examples of how this will impact consumers and the industry, along with suggested changes to improve the rule and forms. The CFPB will review and analyze the comments before issuing a final rule.

More Information

Click here for more information about CFPB’s proposal and view all of ALTA’s advocacy efforts regarding the mortgage disclosures. If you have questions or for more information, contact any of ALTA’s government affairs team:

Print Friendly

How To Find Us:
American Land Title Association
1800 M Street, NW, Suite 300S
Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
Copyright © 2004-2016 American Land Title Association. All rights reserved.
SecurityMetrics for PCI Compliance, QSA, IDS, Penetration Testing, Forensics, and Vulnerability Assessment