ALTA Responds to Closing Cost Study

July 21, 2011

While ALTA encourages transparency in providing consumers costs associated with obtaining a loan, the faulty methodology Bankrate uses in collecting data for its study leads to inaccurate results of the true cost of title insurance. ALTA sent a letter to outlining significant problems and concerns with the study about how title insurance costs are calculated and portrayed.

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SoftPro is the nation's leading provider of real estate closing and title insurance software. With more than 14,000 customer sites and over 60,000 users nationwide, this award-winning software offers a suite of products designed to increase your volume and revenue by reducing the time it takes to do closings. SoftPro has been recognized by the American Business Awards every year since 2007 - winning awards for Superior Customer Service, Support and Product Development. 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.