ALTA® Urges All Title Agent and Underwriter Offices to Prepare for Use of 2006 ALTA® Loan Policy

July 24, 2007

The recent Freddie Mac bulletin, announcing a delay in the required use of the 2006 ALTA Loan Policy, was only a reprieve. The form will be required starting 1/1/08, in all states where regulatory approval has been given (our anecdotal information is that only TX, NM, FL, LA, and DE haven’t approved it yet). We need to be ready. It doesn’t do our individual company or industry credibility any good not to meet this reasonable deadline. The form has been approved for more than a year and most title production software revised to accommodate it. The title industry needs to respond at the operational level.


Contact ALTA at 202-296-3671 or communications@alta.org.

SoftPro, based in Raleigh, NC, offers a mature suite of products, designed specifically for the closing and title industry. Our mission is to serve our client base, with best-in-class products and services. Our products are modular so we don't force you to buy anything you don't need. You can always add on as your business grows. Unlike other software companies, we view the sale as the beginning of the relationship rather than the end. North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.