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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.

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
October 6, 2015 New Best Practices Assessment Guide and FAQ Resource Available
The new resources were developed to help industry members understand how to meet lender demands by providing detailed guidance about how to prepare for and undergo a Best Practices assessment.
October 6, 2015 A-LIGN Joins ALTA’s Elite Provider Program
ALTA’s Elite Provider Program is comprised of premier service providers committed to offering comprehensive benefits to the title insurance and settlement services industry. A-LIGN, which is a security and compliance solutions firm, offers a 15 percent discount on all services to ALTA members.
October 1, 2015 With Focus on TRID, Don’t Forget About Best Practices
For most title professionals, attention has turned to preparing for implementation of Loan Estimate and Closing Disclosure. Preparing for Oct. 3, however, should not be the only focus. Implementation of ALTA’s Best Practices also should remain a priority.
September 22, 2015 Real Estate Data Shield to Launch REDS 2.0 During ALTA Annual Convention
The company plans to release enhanced Best Practice training and compliance solutions, which includes a module explaining why we have now moved into the Compliance Age of our industry, and a deep-dive video animated training module addressing administrative, physical and network security critical controls specifically for title, settlement and attorney "Service Providers.”
September 15, 2015 Mind the Gaps: Five Common Areas Preventing ALTA Best Practices Certification
Thinking of getting certified to ALTA's "Title Insurance and Settlement Company Best Practices?" Read on for five of the most common gaps to prevent companies from achieving certification.
September 15, 2015 Mississippi-based Mortgage Connection Details Requirements for Best Practices
In order to meet regulatory compliance and investor requirements, Mississippi-based The Mortgage Connection recently announced it would require its closing agents/attorneys to become certified to ALTA’s “Title Insurance and Settlement Company Best Practices.” The company will apply a two-tiered approach to certification requirements based on total volume of loan closings, staff size and the number of offices.
More Articles on Best Practices

Contact Government Affairs Staff

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

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American Land Title Association
1800 M Street, NW, Suite 300S
Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
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