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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 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
April 14, 2015 North Carolina-based Law Firm Achieves SOC 2 Certification
Brady & Kosofsky PA., a North Carolina-based law firm offering real estate closing, title search, REO and loss mitigation services, announced it has completed a Service Organization Control 2 Type 1 certification.
April 14, 2015 Adeptive Integrates with eRecording Partners Network
The integration allows users of ResWare and eRecording Partners Network to electronically record documents such as deeds, mortgages and reconveyances.
April 7, 2015 GreenFolders Becomes ALTA Elite Provider
ALTA’s Elite Provider Program is comprised of premier service providers committed to offering comprehensive benefits to the title insurance and settlement services industry.
March 24, 2015 ALTA Develops Best Practices Compliance Management Report
With the support of ALTA's Best Practices Task Force, ALTA has published a member-exclusive, 32-page Best Practices Compliance Management Report, which can be completed and provided to lenders and others evidencing compliance with Best Practices.
March 24, 2015 ALTA Announces HA&W as an Elite Provider
ALTA’s Elite Provider Program is comprised of premier service providers committed to offering comprehensive benefits to the title insurance and settlement services industry. Elite Providers promote the highest industry standards and provide effective solutions for ALTA members’ critical needs.
March 19, 2015 ALTA President: ‘Collaboration Starts Now’
Opening the March 19 general session of the 2015 Business Strategies Conference in Philadelphia, ALTA President Diane Evans NTP encouraged attendees to take the responsibility of educating others about how the CFPB’s TILA-RESPA integrated disclosures will change the homebuying process.
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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American Land Title Association
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Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
www.alta.org
service@alta.org
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