Continental Comments–ALTA Best Business Practices

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Have you noticed your favorite Continental Title office is revving up their privacy efforts to protect all parties involved in our transactions? With new regulations on their way from the CFPB, Continental Title is taking a proactive approach and implementing procedures to protect you and your clients’ non public information (NPI).  These various procedures include many measures suggested by the American Land Title Association’ Best Business Practices.  Ask your closer what steps they are taking to follow ALTA’s Best Business Practices.  Visit  http://www.alta.org/bestpractices to learn more about ALTA’s Best Business Practices and check out more Frequently Asked Questions like the ones below.

What are the best practices?

ALTA’S Title Insurance and Settlement Company Best Practices are benchmark for the real estate settlement and mortgage lending industries.  They illuminate the high level of professionalism that ALTA members follow to protect consumers and business in the real estate and mortgage settlement.

Why did ALTA develop these best practices?

Recently, regulators, consumers and investors have increased their pressure on lenders to know more about the service providers they do business with.  To help meet this need, ALTA developed the 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.