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TitleNews Article
Unlocking the Potential - Practical Uses of AI
Artificial Intelligence (AI) has moved beyond the realm of science fiction and academic research to become a key player in the modern business landscape. Title companies, among other industries, are beginning to recognize the transformative potential of AI. From automating routine processes to enhancing customer service, AI offers numerous applications that streamline operations and drive efficiency.
ALTA ONE Omni Session
The Future Leader
During an Omni Session at ALTA ONE, Rahaf Harfoush discussed what it means to exist in a world where human characteristics are being replicated by machines and examined how technology is weaving itself into the social fabric of our lives.
Meetings & Education
Practical Look at the AI Used By Title Agents
The entire business world is buzzing with conversation about AI. Yet, more often than not, the topic revolves around natural language processing or Chat GPT. There’s a wider world of AI, and the title industry is already tapping into it. Listen to this webinar as expert panelists discuss the types of AI being used today by title companies.
The Future Leader - Rahaf Harfoush
During an Omni Session at ALTA ONE, Rahaf Harfoush, a digital anthropologist and executive director of the Red Thread Institute of Digital Culture, discussed what it means to exist in a world where human characteristics are being replicated by machines and examined how technology is weaving itself into the social fabric of our lives.
Real Life Uses of AI
Artificial intelligence (AI) and its myriad uses is the hottest trend across all industries this year. But the title insurance industry is at the brink of a significant transformation, with AI and Large Language Models (LLM) like ChatGPT providing an opportunity to bring about groundbreaking efficiencies and accuracy.
Prosperity or Destruction: The Potential of AI
When you compare the potential benefits and harms of AI, how does that change what the future holds for the use of this technology? Government entities and law makers face serious questions around regulation and enforcement of automated decision making and machine learning systems.
Resources & Tools
Pros and Cons of Today's Technology
This webinar discussed how title companies can best utilize artificial intelligence and robotic process automation software to improve efficiency and also learn the potential dangers about how criminals can use the same technology to steal money and data.
News & Insights
ALTA CEO Discusses Fraud, AI and Advocating for Title Insurance
ALTA CEO Chris Morton previewed next week’s ALTA ONE conference, where fraud, AI, automation, technology and security will take center stage as the industry looks at how to navigate current challenges and shape its future. Morton also discussed ALTA’s broader advocacy priorities, including efforts to narrow FinCEN’s residential real estate rule, combat fraud and ensure policymakers understand the role title professionals play in protecting property rights and keeping real estate transactions secure.
Why Title Insurers Should Pay Attention to the NAIC's AI Bulletin
As AI becomes part of routine insurance operations, the National Association of Insurance Commissioners’ Model Bulletin emphasizes that AI use does not reduce insurers’ existing legal and regulatory responsibilities. The guidance has broader relevance for title insurers as they adopt AI for underwriting, fraud detection, document review, customer service and workflow automation. Read on to learn what the bulletin says and how to access ALTA's guidance on best practices for vetting vendors.
Getting Real About AI in Title: Where the Work Actually Goes
AI and automation are reshaping operations in the title industry by shifting repetitive work from employees to bots and algorithms, while redirecting staff toward judgment-based, relationship-oriented and complex-file responsibilities. The article examines where this transition is occurring and how businesses are adapting.
AI Misses Key Title Matters in 40.8% of Files, DataTrace Study Finds
A new analysis from DataTrace raises questions about whether artificial intelligence operating solely on public records is ready to support insurable title decisions at scale. In a review of 200 residential title files, public-record-only AI search missed at least one meaningful title matter in 40.8% of searchable files.
As AI Use Increases in Title, so Does Compliance Guidance
As title insurers expand their use of artificial intelligence, regulators are urging companies to adopt governance plans that ensure AI is used legally and responsibly, including guidance outlined in the NAIC Model Bulletin. “As the industry increases its use of AI in operations, it will be important for companies to keep the model bulletin and related exam tools in mind,” said Steve Gottheim, ALTA general counsel.
Data Center Boom Shifts Rural Property Valuations
As tech giants push deeper into rural America to construct massive data centers, mortgage lenders and appraisers are being forced to rethink local market dynamics, even though early housing data shows little immediate impact on home sale prices.
OpenAI Says its AI Technology Acted on its Own in an ‘Unprecedented’ Hack of Another Company
ChatGPT maker OpenAI said Tuesday that its artificial intelligence system hacked into another AI company on its own in what the company called an “unprecedented cyber incident.” “We had a significant security incident during evaluation of our models,” OpenAI CEO Sam Altman said in a statement posted on social media.
What Every Leader Should Know About AI, Cybersecurity and Trust
ALTA ONE | Oct. 12-15 | Scottsdale, Ariz.
Register by July 18 and save $200!
The next big threat to your business might not walk through the front door. It might come through your network. Scary, right? At ALTA ONE, Omni Session speaker Gen. Paul Nakasone will bring a rare perspective on the forces reshaping business, security and leadership, from AI and cybersecurity to global risk and organizational trust.