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ALTA’s Title Insurance and Settlement Company Best Practices

Elite Provider Membership Program
If you are a service provider that offers effective solutions for ALTA members’ critical needs, check out our Elite Provider Membership Program and learn about the benefits, how to qualify and cost.

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.

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

Assessment Preparation Workbook
Exclusive to ALTA members, the Assessment Preparation Workbook is a tool to help companies prepare for a Best Practice Assessment. After it's completed, the Workbook generates a report identifying any areas that need addressed. Click here to watch a tutorial on how to complete the Workbook.

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 17, 2014 How to Shop for Cyber Insurance
Cyber insurance can be an extremely valuable asset in an organization’s strategy to address and mitigate cyber security, data privacy and other risks. However, selecting and negotiating the right insurance product can be a challenge because of the lack of standard language and issues with "off-the-shelf" policies. Read on for tips from Roberta Anderson, a member of K&L Gates’ firm’s global insurance coverage and cyber law and cybersecurity practice groups.
April 17, 2014 Tips on Creating Strong Passwords
After learning of the Heartbleed/SSL exploit, internet security experts recommended that passwords be changed on websites that are frequently used in order to protect personal information. Read on for recommendations on creating a strong and complex password.
April 17, 2014 Chase Plans Enhanced Cybersecurity Efforts
The nation’s largest financial institution expects to spend more than $250 million this year on cyberdefense, with 1,000 employees assigned to the task, Chairman and CEO Jamie Dimon wrote in a letter to shareholders. Chase also plans to build three cybersecurity operations centers at its regional headquarters.
April 17, 2014 Title Company Finds Effective Email Encryption Solution
Email encryption is used to ensure that only the intended recipient is able to access the email and any attachments. Traditionally, deploying email encryption services has been complex and cumbersome. Read on to learn how Wisconsin Title Closing & Credit Services stumbled upon a solution that's worked rather seamlessly and helps the title company protect non-public personal information.
April 17, 2014 Wells Fargo Funding Expands Acceptance of Electronic Signature
Following on the FHA’s announcement in January that it would accept lender-generated loan documents electronically, the move by one of the nation’s leading mortgage investors demonstrates continued momentum of electronic signature acceptance among financial service providers for facilitating digital transaction management.
April 17, 2014 Recordings of Professional Development Sessions from Business Strategies Conference Now Available
ALTA members and Attendees the 2014 Business Strategies Conference in Nashville can now access audio recordings of all 16 professional development sessions held during the conference. Many of the sessions include handouts and address implementation of ALTA’s “Title Insurance and Settlement Company Best Practices.
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
1828 L Street, NW, Suite 705
Washington, DC 20036-5104
P. 202.296.3671 F. 202.223.5843
www.alta.org
service@alta.org
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