In the Tennessee Land Title Times winter 2015/2016 issue published by the Tennessee Land Title Association (TNLTA), PYA’s Eugene McCullough explores the lender’s perspective on ALTA Best Practices in their article “Back to the Best Practices: Where Are Lenders on Best Practices Yesterday, Today and in the Future?”
Excerpt of article:
“Lenders are going to turn their attention to Best Practices this year. Lenders are confused as to what the CFPB ultimately will require in terms of the level of due diligence and oversight of third-party vendors. In the meantime, they are likely to look at what other lenders have been doing in 2015. Unfortunately, since there has been a wide range of different approaches and strategies employed by various banks last year, any unified approach by lenders with regard to due-diligence requirements for title agents is unlikely.”
View the full article on page 13 of TNLTA’s Winter 2015/2016 Issue.
If you have questions about ALTA Best Practices services or would like to request a speaker on this topic, contact Eugene McCullough, PYA’s Title Industry Service Director at (800) 270-9629.