ALTA Best Practices
THINK TITLE, LLC, dba Integrity Title, RCB Title, Sundown Title and Tri-City Title, has adopted ALTA’s Best Practices in compliance with the requirements published by the Consumer Financial Protection Bureau (CFPB).
ALTA created Best Practices to help members highlight policies and procedures the industry exercises to protect lenders and consumers, while ensuring a positive and compliant real estate settlement experience.
The Best Practices are very general in their terms in many respects and currently, there are numerous unanswered questions both as to the detail that must be contained in the promulgated policies; how they are to be specifically implemented, and the extent to which these Best Practice policies must be documented.
On March 26th THINK TITLE underwent a Stewart Title internal independent agency audit conducted by Deloitte & Touche, LLP which resulted in a positive outcome. Our findings and a copy of our Self-Assessment can be provided upon request. We continue to adjust our processes and procedures to comply with the existing and regularly changing requirements published by the CFPB and ALTA Best Practices.
Resources for best practices
Stewart Title Resource Center – weblink HERE
ALTA’s Best Practices – weblink HERE
Attorney Best Practice Resource – weblink HERE
First American Title’s Resource Center – weblink HERE
Best Practices FAQ – download pdf HERE
Think Title LLC, Compliance Package – download pdf HERE