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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.


Government News

House Committee Passes the Escrow, Appraisal and Mortgage Servicing Improvement Act

November 9, 2007

H.R. 3837, the Escrow, Appraisal and Mortgage Servicing Improvement Act addresses the critical need in the current mortgage marketplace to enhance appraisal independence standards. According to a study released by the October Research Corporation in December 2006, 90 percent of appraisers reported feeling pressure to raise property valuations to enable the completion of a transaction.

To rectify these problems, the bill establishes enforceable national appraisal independence standards with tough penalties, improves federal oversight of state appraisal regulators, and strengthens appraiser licensing and education standards. It also aims to enhance borrower protections by improving mortgage servicing and requiring escrows for individuals more likely to experience difficulty with repayment. The bill offers a comprehensive, balanced, and progressive set of solutions to solve these complex, abusive, and deceptive mortgage lending practices.



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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
www.alta.org
service@alta.org
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