April 2014 – Feedback wanted!
April 7, 2014June 2014 – Feedback Thermometer a Success!
June 7, 2014
Who knew that four little letters. . .CFPB. . .could lead to so much. . .um. . .change. If you are anything like me, the change represented by those four little letters can seem overwhelming. We in the title industry are in the same boat as you. Protecting NPI, locking up files and encrypting e-mails are all in our immediate future. Understand that we are here to help. In the days and weeks to come, we will have useful information to pass along to you that we are receiving from our Underwriters.
For the time being, we have a couple of things that may be helpful in honing your focus as we all try to determine what things will need to change to make us compliant. By now, most of you have seen the Memo from Wells Fargo. The memo does a good job of concisely laying out the major areas of focus. If you have not seen the memo there is a link to it on our
homepage.
ALTA has also promulgated it’s “Best Practices”. Click this link to review those Best Practices and access sample documents that you may use as guides to create your own practices and procedures.
ALTA Best Practices.
There will be more to come. if you have any questions about any of these things, please feel free to contact me.
sb