Tag Archives: title industry

On My Soapbox—Is it Fair to Make Title Agents and Law Firms Prove Compliance with Best Practices?

For those in the title and legal industries, it can be more than a little annoying to have one’s role in representing lenders characterized as merely that of “third-party service provider.”  Title agencies and law firms perform the same trusted services for the lending community today—handling confidential bank client information and millions of dollars of … Continue Reading

Should a Settlement Agency Be Considered a Daycare for Customer Data?

All too often, title and settlement agents give little more than a passing thought to the importance of protecting highly sensitive customer data.  But to the lenders we service, the care and protection of the customer data with which we’re entrusted is extremely important.  That’s because the law unequivocally requires customer data to be protected … Continue Reading

Whatcha Gonna Do, Whatcha Gonna Do, Whatcha Gonna Do When a Data Breach Happens to You?

handcuff computerIn my job, I have the privilege of speaking with title and settlement agents from across the nation.  At some point during our conversations, those agents who have just been certified as compliant with ALTA’s Best Practices will usually voice something similar to the following: “I recently upgraded my server, and each of my office … Continue Reading

When a CPA Assesses Your Compliance with Best Practices, “Review” is a Noun, Not a Verb

Title professionals regularly use the term “review,” but most often it is used as a verb.  (e.g. “I am going to review the Closing Disclosure,” or “You always should carefully review the loan closing instructions.”)  However, over the past year working inside a CPA firm, I have discovered that CPAs also routinely use that same … Continue Reading

Third-Party Certification—Knowing Your Options, Learning the Lingo

In our previous blog, Self-Certification: Buyers and Sellers Beware, I discussed issues surrounding a “self-certification” of compliance with ALTA’s Best Practices, and how that approach could be utilized to comply with some lenders’ requests to demonstrate proof of adoption of the Best Practices standards.  A review of recent lender correspondence requiring some level of compliance indicates that self-certification is an … Continue Reading

New Title Industry Blog About Reaching Higher Compliance Standards

Nationally certified public accounting and consulting firm PYA announces the release of a new blog designed to enhance communication between the title and closing community and the world of accounting.  Nationally certified public accounting and consulting firm PYA has announced the launch of a new blog for the title and closing community that offers unique … Continue Reading
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