Title Company Responds to CFPB Fine for Failing to Disclose Underwriter Affiliation

September 28, 2017

An Indiana-based title company responded today to a $1.25 million fine from the Consumer Financial Protection Bureau (CFPB) for steering borrowers to an affiliated title insurer without disclosing that three executives are owners of the insurer.

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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.