ALTA® Urges All Title Agent and Underwriter Offices to Prepare for Use of 2006 ALTA® Loan Policy

July 24, 2007

The recent Freddie Mac bulletin, announcing a delay in the required use of the 2006 ALTA Loan Policy, was only a reprieve. The form will be required starting 1/1/08, in all states where regulatory approval has been given (our anecdotal information is that only TX, NM, FL, LA, and DE haven’t approved it yet). We need to be ready. It doesn’t do our individual company or industry credibility any good not to meet this reasonable deadline. The form has been approved for more than a year and most title production software revised to accommodate it. The title industry needs to respond at the operational level.

Contact ALTA at 202-296-3671 or

SoftPro is the nation's leading provider of closing and title software, consistently pushing the technological envelope to pioneer the most powerful and comprehensive closing and title automation software on the market. SoftPro's Award-Winning Software combines cutting-edge technology with outstanding support to make your business more productive, efficient and boost your revenue. North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.