ALTA Best Practices to Protect Customers

ALTA Develops Best Practices to Protect Customers, Ensure Quality Service

October 16, 2012

“While lenders have been responsible for their service providers’ actions for years, it’s only been recently that bulletins, enforcement orders and corrective actions have demonstrated regulators’ intent that banking organizations are expected to oversee actions of third-party service providers, including title and settlement agents.

Consequently, regulators’ increased demand to protect consumers has forced lenders to adjust their relationships with service providers and be more sensitive to the types of companies they do business with. To help meet this need, ALTA has created a set of best practices called Title Insurance and Settlement Company Best Practices to help members highlight practices the industry exercises to protect lenders and consumers, while ensuring a positive and compliant real estate settlement experience…”

Read more at American Land and Title Association

…..

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s