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, based in Raleigh, NC, offers a mature suite of products, designed specifically for the closing and title industry. Our mission is to serve our client base, with best-in-class products and services. Our products are modular so we don't force you to buy anything you don't need. You can always add on as your business grows. Unlike other software companies, we view the sale as the beginning of the relationship rather than the end. 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.