Fed Issues Guidance for Managing Service Providers

December 12, 2013

The Federal Reserve Board on Dec. 12 released guidance reminding financial institutions to exercise appropriate risk management and oversight when using service providers. ALTA's Best Practices were created to assist lending institutions in their risk-management programs and highlight policies and procedures the industry uses to help ensure a positive and compliant real estate settlement experience.

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Contact ALTA at 202-296-3671 or communications@alta.org.

SoftPro is the nation's leading provider of closing and title software, consistently pushing the technological envelope to pioneer the most powerful and comprehensive closing and title automation software on the market. SoftPro's Award-Winning Software combines cutting-edge technology with outstanding support to make your business more productive, efficient and boost your revenue. North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.