Tick Tock, Tick Tock: Implementation of Best Practices Reaches Tipping Point

October 2, 2014

Title professionals across the country have been dealing with a changing market due to updated regulatory directives reminding lenders that they are responsible for the acts of third-party service providers with which they conduct business. Many dove headfirst more than a year ago to implement ALTA’s “Title Insurance and Settlement Company Best Practices” and get ahead of the curve. Others have stood pat—waiting on directives from lenders. For companies sitting on the fence, time may be of the essence to prove they have complied with regulations requiring them to protect customer NPI and money, and have policies and procedures in place to reduce settlement risk.

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