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ALTA’s Title Insurance and Settlement Company Best Practices

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ALTA created best practices to help members highlight policies and procedures the industry exercises to protect lenders and consumers, while ensuring a positive and compliant real estate settlement experience.

Title Insurance and Settlement Company Best Practices
Download the full document of ALTA's Best Practices.

Resources and Documents
Here you will find guidance material to aid implementation for each pillar of the Best Practices, including Assessment Readiness Guides, webinars and links to additional information. ALTA recently published a Best Practices Compliance Management Report, which can be completed and provided to lenders and others evidencing compliance with Best Practices.

Assessment Guide and Frequently Asked Questions
This resource was developed to help title professionals and lenders understand the Best Practices self-assessment process and the importance of undergoing a Best Practices assessment; how to conduct a Best Practices self-assessment; and ALTA’s role in performing a Best Practices self assessment.

Purchase Best Practices Resources and Documents
Non-ALTA members may now purchase a Best Practices Subscription to access the Best Practices resources and documents that were previously available exclusively to ALTA members. These resources and documents were designed to help companies perform a Best Practices assessment and demonstrate their compliance to third parties, including lenders. There are multiple Best Practices Subscriptions available, designed to provide you with the tools your company needs to implement the Best Practices standards.

Assessment Readiness Guides
Available to ALTA members, the Assessment Readiness Guides can be used to help companies determine if they are prepared to undergo an assessment to determine compliance with ALTA’s Best Practices.

Assessment Procedures
The standard assessment procedures can be used by third parties to evaluate settlement services providers.

Certification Package
The certification package can be used by title professionals to demonstrate to lenders that they have implemented Best Practices. The certification package includes a cover page, an agency letter, a Best Practices certificate and a declarations page.

Best Practices Policy and Procedure Creation Guidance
This guide provides members step-by-step directions on how to draft formal policies and procedures for the Best Practices. In addition, a sample policy and procedure as well as a template to help provide a standard format are provided.

Template for Best Practices Policy and Procedure
Download the template to begin building your Best Practices Policy and Procedure for each of the Best Practices.

Best Practices FAQs
These FAQs are designed to give you a better understanding of the Best Practices.


News on Best Practices
February 2, 2016 HA&W Certifies More Title Agencies for Compliance to ALTA’s Best Practices
HA&W’s ComplianceSuccess Program offers independent third-party attestation using CPA professional standards.
January 28, 2016 Title Alliance Receives SOC 1 and SOC 2 Attestation Reports
Title Alliance Ltd announced that it has received a Service Organization Control 2 (SOC 2) attestation reports for its financial controls and various company systems from Oread Partners LLC, while its affiliates have received a SOC 1.
January 28, 2016 North American Title Names HA&W as Trusted Partner for ALTA Best Practices Compliance
Through its ComplianceSuccess Program, HA&W offers compliance benchmarking and assurance reporting services for ALTA’s Title Insurance and Settlement Company Best Practices to NATIC agents.
January 21, 2016 Conestoga Title Names HA&W as Trusted Partner for ALTA Best Practices Compliance
HA&W’s ComplianceSuccess Program offers agents of Conestoga Title Insurance Company testing and reporting across all seven pillars of ALTA’s “Title Insurance and Settlement Company Best Practices.”
January 19, 2016 FTC Consent Order Highlights Importance of Proper Email Encryption Standards
The Federal Trade Commission (FTC) recently issued a consent order against a software provider for dental practices for alleged false marketing advertisements related to the level of encryption the company provided to protect patient health data. Read on to learn why this consent order is important to title insurance and settlement companies.
January 12, 2016 Shipman Joins PYA as Director within ALTA Best Practices Services Group
Steve Shipman has joined national certified public accounting and consulting firm Pershing Yoakley & Associates (PYA) within its ALTA Best Practices Services Group.
More Articles on Best Practices

Contact Government Affairs Staff

Steve Gottheim
ALTA's Legislative and Regulatory Counsel
sgottheim@alta.org
202-296-3671 Ext. 230



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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
www.alta.org
service@alta.org
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