The highest and best use of your time does not include plodding through websites and seminar materials trying to figure out how to prepare an ALTA Best Practices Manual; you have much better ways to spend your time. Let Best Practices Solutions prepare your manual, so you can spend your time doing production work, marketing, or even better, being home with your family. We've already spent hours and days learning about the requirements for ALTA Best Practices Manuals so you don't have to. … [Read more...]
What are ALTA’s “Pillars of Best Practices”?
Lately, there is a lot of discussion about the "Pillars of Best Practices" proposed by the American Land Title Association (ALTA). What is meant by the "pillars" and what exactly are the "best practices"? For the background of how the title insurance industry arrived at this point, please click here. Thankfully, ALTA worked with the banking industry and the regulators at the Consumer Financial Protection Bureau to avoid the expensive and invasive "vetting" companies some lenders were … [Read more...]
Why Is The Lender Asking To See My “ALTA Best Practices Manual”?
You're not really even sure what a Best Practices Manual is. Your title insurance underwriter has been telling you for months that you need to prepare one. You planned to, but you've been waiting for the "right time". . . when things slow down a little. Now, the lender on that big closing this week needs to see your manual in 48 hours or the loan isn't funding. Don't panic, Best Practices Solutions has you covered - our sole focus is preparing "ALTA Best Practices Manuals" for law firms and … [Read more...]