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ALTA’s Title Insurance and Settlement Company Best Practices

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ALTA created best practices to help members highlight policies and procedures the industry exercises to protect lenders and consumers, while ensuring a positive and compliant real estate settlement experience.

Title Insurance and Settlement Company Best Practices
Download the full document of ALTA's Best Practices.

Resources and Documents
Here you will find guidance material to aid implementation for each pillar of the Best Practices, including Assessment Readiness Guides, webinars and links to additional information. ALTA recently published a Best Practices Compliance Management Report, which can be completed and provided to lenders and others evidencing compliance with Best Practices.

Purchase Best Practices Resources and Documents
Non-ALTA members may now purchase a Best Practices Subscription to access the Best Practices resources and documents that were previously available exclusively to ALTA members. These resources and documents were designed to help companies perform a Best Practices assessment and demonstrate their compliance to third parties, including lenders. There are multiple Best Practices Subscriptions available, designed to provide you with the tools your company needs to implement the Best Practices standards.

Assessment Readiness Guides
Available to ALTA members, the Assessment Readiness Guides can be used to help companies determine if they are prepared to undergo an assessment to determine compliance with ALTA’s Best Practices.

Assessment Procedures
The standard assessment procedures can be used by third parties to evaluate settlement services providers.

Certification Package
The certification package can be used by title professionals to demonstrate to lenders that they have implemented Best Practices. The certification package includes a cover page, an agency letter, a Best Practices certificate and a declarations page.

Best Practices Policy and Procedure Creation Guidance
This guide provides members step-by-step directions on how to draft formal policies and procedures for the Best Practices. In addition, a sample policy and procedure as well as a template to help provide a standard format are provided.

Template for Best Practices Policy and Procedure
Download the template to begin building your Best Practices Policy and Procedure for each of the Best Practices.

Best Practices FAQs
These FAQs are designed to give you a better understanding of the Best Practices.

News on Best Practices
July 30, 2015 RynohLive Offers Insight on Electronic Verification of Reconciliation
The whitepaper, “The Value of Electronic Verification of Reconciliation,” offers insight on the importance and usefulness of electronic verification for those within the title industry.
July 14, 2015 Survey Shows Majority of Title Professionals Working Toward Best Practice Compliance
The majority of title professionals have started the process of becoming compliant with ALTA’s Title Insurance and Settlement Company Best Practices, according to Habif, Arogeti & Wynne’s second annual ComplianceSuccess Survey.
July 14, 2015 Ironclad Title Completes ALTA Best Practices Compliance Review
Ironclad Title, a real estate law and settlement service company based in Lake Charles, La., announced its satisfactory completion of a Best Practices Compliance review by Pershing Yoakley & Associates.
July 7, 2015 Title Industry Assurance Company Introduces New E&O Policy
As the title industry continues to evolve at a rapid pace, it is vital for title professionals to select a professional liability/E&O policy that addresses today’s expansive exposures. As the title industry’s own E&O insurer, TIAC’s new expanded coverage incorporates enhancements suggested by title underwriters, agents and abstracters.
July 7, 2015 FFIEC Releases Cybersecurity Assessment Tool
The Federal Financial Institutions Examination Council (FFIEC) released a Cybersecurity Assessment Tool to help institutions identify their risks and assess their cybersecurity preparedness.
June 25, 2015 How Encryption Can Help with CFPB Compliance
More Articles on Best Practices

Contact Government Affairs Staff

Steve Gottheim
ALTA's Legislative and Regulatory Counsel
202-296-3671 Ext. 230

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American Land Title Association
1800 M Street, NW, Suite 300S
Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
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