ALTA Best Practices

 

Pillar Title Services adheres to the ALTA’s Best Practices. ALTA’s seven pillars are outlined below:

 

Best Practices – Licensing

Establish and maintain current license(s) as required to conduct the business of title insurance and settlement services.

 

Best Practices – Escrow & Trust Accounts

Adopt and maintain appropriate written procedures and controls for Escrow/Trust Accounts.

 

Best Practices – Privacy & Information Security

Adopt and maintain a written privacy and information security program to protect non-public personal information as required by local, state and federal law.

 

Best Practices – Recording & Pricing Procedures

Adopt standard real estate settlement procedures and policies that helps ensure compliance with Federal and State Consumer Financial Laws as applicable to the Settlement Process.

 

Best Practices – Title Policy Procedures

Adopt and maintain written procedures related to title policy production, delivery, reporting and premium remittance.

 

Best Practices – Professional Liability Insurance

Maintain appropriate professional liability insurance and fidelity coverage.

 

Best Practices – Resolving Consumer Complaints

Adopt and maintain procedures for resolving consumer complaints.

 

Feel free to contact our office for further information.

 

Title, Insurance, Refinance, Purchase, Real, Estate, Closings, Pillar, Roseville, Minnesota
Title, Insurance, Refinance, Purchase, Real, Estate, Closings, Pillar, Roseville, Minnesota

ALTA Best Practices

 

Pillar Title Services adheres to the ALTA’s Best Practices. ALTA’s seven pillars are outlined below:

 

  1. Best Practices – Licensing
    Establish and maintain current license(s) as required to conduct the business of title insurance and settlement services.

  2. Best Practices – Escrow & Trust Accounts
    Adopt and maintain appropriate written procedures and controls for Escrow/Trust Accounts.

  3. Best Practices – Privacy & Information Security
    Adopt and maintain a written privacy and information security program to protect non-public personal information as required by local, state and federal law.

  4. Best Practices – Recording & Pricing Procedures
    Adopt standard real estate settlement procedures and policies that helps ensure compliance with Federal and State Consumer Financial Laws as applicable to the Settlement Process.

  5. Best Practices – Title Policy Procedures
    Adopt and maintain written procedures related to title policy production, delivery, reporting and premium remittance.

  6. Best Practices – Professional Liability Insurance
    Maintain appropriate professional liability insurance and fidelity coverage.

  7. Best Practices – Resolving Consumer Complaints
    Adopt and maintain procedures for resolving consumer complaints.

 

Feel free to contact our office for further information.