Keeping You in the Game
Implementing ALTA's best practices can help title professionals meet market demands by ensuring regulatory compliance, protecting funds and information, and capturing a larger market share to keep you in the game.
ALTA Best Practices 4.0 Framework
ALTA Best Practices 4.0 Framework: Assessment Procedures
Lender Requirements
Lenders are vetting settlement agents in a wide variety of ways. Make sure your practice meets Best Practices standards and is prepared to address the lenders' requirements.
Suggested Actions for Fund Members:
- Review your practice and volume with specific lenders.
- Review lender requirements with the Bank Requirement Chart and consider setting up Google Alerts for lender updates.
- Decide on the level of requirements appropriate for your practice per the Lender Requirement Scale.
- If 3rd party certification is needed, ensure AT LEAST 90-day lead time for the review period and 6-8 months to complete.
Lender Requirement Complexity Scale
Find out how difficult it is to obtain different Lender Best Practice requirements - Download
On-Demand Training Library Webinars
Helpful Links
Authorized Agent Letter
A Fund Member’s status as an Old Republic agent in good standing may be verified by visiting oldrepublictitle.com, selecting Agent Verification from the Services/Products dropdown and entering The Fund Member’s Old Republic Agent Number.
Questions
Send us your questions and we will get back to you as soon as we can.
Email: legaled@thefund.com
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