Fidelity names Preferred Vendor for Data Security
|October 11, 2012|
Fidelity National Financial has named Real Estate Data Shield its preferred vendor for data security compliance.
“We are delighted to be selected as Fidelity’s vendor of choice for compliance and data security solutions,” stated Christopher Gulotta, chief executive officer of Real Estate Data Shield. “It shows their commitment to their agent partners while addressing the important issues facing in our industry.”
According to a release from Real Estate Data Shield, Fidelity urges its title agents nationwide to embrace Real Estate Data Shield’s compliance and data security solutions. Fidelity’s recommendation is based upon increasing financial sector regulations and the stricter enforcement of these regulations (FTC, CFPB, Gramm-Leach-Bliley, CFPB April 2012-03 Bulletin) in the data security area. The mounting pressure from institutional lenders to demonstrate that independent agents are adhering to data security “best practices” and are complying with applicable data security laws, also contributes to this recommendation.
Real Estate Data Shield’s interactive e-Courseware was designed specifically for title and settlement data security compliance and takes only 20-25 minutes for the user to complete. Upon completion of the included certification exam, the courseware generates a certificate indicating that the user successfully completed the course. This allows agents to then demonstrate to lender clients and regulators (including the CFPB and FTC) their compliance with the staff-training component of the applicable privacy laws, rules and regulations.