ALTA Best Practices:
Be Confident In Your Title & Closing Partnership
In 2013, the American Land Title Association developed “ALTA’s Title Insurance and Settlement Company Best Practices” as a way to comply with lenders’ increased pressures from regulators, consumers and investors and to learn more about the service providers they do business with. ALTA developed these 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.
Complying with ALTA’s Best Practices is not mandatory. It is a voluntary tool to help the title industry highlight the safeguards in place to ensure that closing activities meet all applicable laws and regulations and was developed by ALTA’s Board of Governors, which includes representatives of both the agent and underwriter communities.