For Immediate Release

ALTA Develops Best Practices Assessment Guide and FAQ Resource

Washington, DC, October 6, 2015 — The American Land Title Association (ALTA), the national trade association of the land title insurance industry, announced today the development of a Best Practices Assessment Guide and Frequently Asked Questions (FAQ) Resource.

ALTA developed its “Title Insurance and Settlement Company Best Practices” to help companies highlight practices the industry exercises to protect lenders and consumers, while ensuring a positive and compliant real estate settlement experience.

“With more lenders requiring service providers such as title insurance and settlement agents to demonstrate compliance with ALTA’s Best Practices, the need to undergo an assessment is becoming a necessity,” said Michelle Korsmo, ALTA’s chief executive officer. “We developed these resources to help industry members understand how to meet their lender demands by providing detailed guidance about how to prepare for and undergo a Best Practices assessment. We are confident this new product will assist title and settlement agents as they strive to help lenders meet regulatory requirements.”

The Best Practices Assessment Guide and FAQ Resource can be accessed at www.alta.org/bestpractices.

###

The American Land Title Association, founded in 1907, is the national trade association representing 6,000 title insurance companies, title and settlement agents, independent abstracters, title searchers, and real estate attorneys. With offices throughout the United States, ALTA members conduct title searches, examinations, closings, and issue title insurance that protects real property owners and mortgage lenders against losses from defects in titles.

Connect with ALTA on Facebook here. Follow ALTA on Twitter here.

Contact: Jeremy Yohe
Office: 202-261-2938
Email: jyohe@alta.org

Download PDF