American Land Title Association
Print Friendly
Home  >  News Room
News Room

SoftPro is the nation's leading provider of Real Estate Closing and Title Insurance software

North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

ALTA® Tells House Committee: RESPA Changes Will Hurt Small Business

March 11, 2003

   Related Information
ALTA®'s Prepared Testimony

WASHINGTON, -- On March 11, the American Land Title Association (ALTA) will testify again on HUD's proposed changes to RESPA, this time before the House Committee on Small Business. Greg Kosin, Chair of ALTA's Government Affairs Committee, ALTA Board Member, and President of The Greater Illinois Title Company, will testify that from a small business perspective, the proposed changes would be detrimental to the title industry.

Kosin will highlight why ALTA believes HUD's proposed changes will have potentially adverse effects on consumers, the mortgage settlement process, and small businesses. "Approximately 51% percent of title companies in the country had less than $500,000 in gross revenue in 2001. And 68% had 10 or fewer employees," said Kosin. "HUD's current proposal would have a very serious adverse effect on small businesses in our industry and on our ability to compete for consumer business. Equally important, we believe that the proposals, if implemented in their present form, would effectively close the door to future entry into our industry by small businesses," commented Kosin.

ALTA sent comments to HUD last October outlining the title industry's concerns with its proposed changes to RESPA. To read a copy of Kosin's testimony, go to and then see the RESPA Update section on the homepage.

The American Land Title Association represents title insurance companies and their agencies nationwide on a variety of industry and legislative issues. Members of the Association search and insure land titles to protect real estate investors including homebuyers and mortgage lenders.

Print Friendly

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
Copyright © 2004-2016 American Land Title Association. All rights reserved.
SecurityMetrics for PCI Compliance, QSA, IDS, Penetration Testing, Forensics, and Vulnerability Assessment