ALTA Registry is Live!
November 8, 2017
Hundreds of Agents Confirmed.
You may have heard about the national ALTA Registry. We launched it at ALTA ONE in Miami this October. As of today, nearly a thousand agents have already had their listing confirmed by their underwriters and published in the ALTA Registry.
In case the ALTA Registry is new to you, here's a bit of background:
Developed after conversations with mortgage lenders, underwriters and title insurance agents, the national ALTA Registry is a phone book that allows lenders to know they are working with the correct company. The ALTA Registry demonstrates that agents and underwriters have communicated to confirm company name and contact information—providing lenders with a trusted industry utility to identify transaction partners.
In addition to detailed title insurance underwriter confirmed information about the title insurance agent, the national ALTA Registry also assigns a unique identification number, the ALTA ID, to each agent and underwriter location for more precise identification: this is a first of its kind for the industry.
The ALTA Registry ensures a more efficient real estate transaction by assisting with more timely communication among all parties and avoiding confusion among similarly-named companies across internal databases.
The ALTA Registry provides more accurate data to mortgage lenders and title insurance underwriters about the companies with whom they do business, allowing mortgage lenders to protect their customers' non-public personal information (NPI).
The ALTA Registry is a needed online database of underwriter-confirmed title and settlement agent companies and real estate attorneys that want to be part of the solution in the real estate transaction. In a time when protecting consumer NPI and funds are critical, more accurate information on business partners adds more confidence to the process.
Beginning in 2018, we will open the ALTA Registry to lenders. They will use the ALTA ID to reach out to agents and their underwriters to verify aspects of transactions.
Be part of the solution. Get your ALTA ID. Get confirmed today at www.alta.org/registry.
Contact ALTA at 202-296-3671 or [email protected].