ALTA President Outlines Principles for Successful Mortgage Disclosures during Congressional Hearing

June 21, 2012

In his testimony, Chris Abbinante urged the bureau to clearly delineate the responsibilities and requirements of lenders and settlement agents under the regulation, adding that settlement agents need to continue to have a part in real estate settlements as an independent, third party to the transaction. Read on for a summary of his testimony, as well as comments from Raj Date, deputy director of the CFPB.

Please Log In to View


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

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. SoftPro is the nation's leading provider of real estate closing and title insurance software. With more than 14,000 customer sites and over 60,000 users nationwide, this award-winning software offers a suite of products designed to increase your volume and revenue by reducing the time it takes to do closings. SoftPro has been recognized by the American Business Awards every year since 2007 - winning awards for Superior Customer Service, Support and Product Development.