ALTA Creates E-mail Address for Members to Share Complaints About Lenders that Direct Title Insurance Business to "Preferred Providers."

January 13, 2009

To follow up the ALTA letter to HUD complaining of lender directed title business for Real Estate Owned (REO) properties, ALTA has created an email address for members to send materials showing particular instances of this practice. It is our intention to share this material with HUD in order to provide them with evidence of this violation of the RESPA prohibition against directing title services. Members can send links to websites or pages that contain statements such as "buyer must use our title insurance company" or similar directives in conjunction with their REO properties. The e-mail address is

Contact ALTA at 202-296-3671 or

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.