Title Company May Appeal Ruling in Cyber Crime Case to U.S. Supreme Court

August 7, 2014

A Missouri-based title company may appeal to the U.S. Supreme Court after a federal appeals court denied a request to rehear a case involving fraudulent transfers of $440,000 from a trust account in 2010. Read on to learn why this decision is instructive on the importance of implementing ALTA's Best Practices, which includes developing proper network security and effective escrow controls to help ensure accuracy and minimize the exposure to loss of client funds.

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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.