Vendor Management Association Closes Doors

November 5, 2013

Pittsburgh-based Title Appraisal Vendor Management Association (TAVMA) announced on its website that it was ceasing operations.

Thanking all the companies that supported the association, TAVMA attributed the closure to the financial crisis and industry consolidation.

“Like most mortgage industry trade associations, TAVMA's membership was hard-hit by the 2008 housing bust and subsequent economic malaise, leading many firms to curtail their financial support to one or a few key organizations,” TAVMA said on its website. “TAVMA was further adversely affected by consolidation of competitors in the settlement services industry, which began in the early 2000s, and continues today.

The announcement said the organization maintains its 501(c)(6)non-profit status, continues to review strategic options and may decide to return in the future in a new configuration.

ALTA, meanwhile, has reported record membership each of the past four years. Membership now stands at nearly 5,000 member companies, growing by more than 1,000 members in 2013.


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

SoftPro is the nation's leading provider of closing and title software, consistently pushing the technological envelope to pioneer the most powerful and comprehensive closing and title automation software on the market. SoftPro's Award-Winning Software combines cutting-edge technology with outstanding support to make your business more productive, efficient and boost your revenue. 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.