ALTA created 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.
Title Insurance and Settlement Company Best Practices
Download the full document of ALTA's Best Practices.
Resources and Documents
Here you will find guidance material to aid implementation for each pillar of the Best Practices, including Assessment Readiness Guides, webinars and links to additional information. ALTA recently published a Best Practices Compliance Management Report, which can be completed and provided to lenders and others evidencing compliance with Best Practices.
Assessment Guide and Frequently Asked Questions
This resource was developed to help title professionals and lenders understand the Best Practices self-assessment process and the importance of undergoing a Best Practices assessment; how to conduct a Best Practices self-assessment; and ALTA’s role in performing a Best Practices self assessment.
Purchase Best Practices Resources and Documents
Non-ALTA members may now purchase a Best Practices Subscription to access the Best Practices resources and documents that were previously available exclusively to ALTA members. These resources and documents were designed to help companies perform a Best Practices assessment and demonstrate their compliance to third parties, including lenders. There are multiple Best Practices Subscriptions available, designed to provide you with the tools your company needs to implement the Best Practices standards.
Assessment Readiness Guides
Available to ALTA members, the Assessment Readiness Guides can be used to help companies determine if they are prepared to undergo an assessment to determine compliance with ALTA’s Best Practices.
The standard assessment procedures can be used by third parties to evaluate settlement services providers.
The certification package can be used by title professionals to demonstrate to lenders that they have implemented Best Practices. The certification package includes a cover page, an agency letter, a Best Practices certificate and a declarations page.
Best Practices Policy and Procedure Creation Guidance
This guide provides members step-by-step directions on how to draft formal policies and procedures for the Best Practices. In addition, a sample policy and procedure as well as a template to help provide a standard format are provided.
Best Practices FAQs
These FAQs are designed to give you a better understanding of the Best Practices.
News on Best Practices
ALTA's Legislative and Regulatory Counsel
202-296-3671 Ext. 230