ALTA has released Best Practices v4.0 effective 5/23/2023. ALTA - Best Practices
ALTA Best Practices Revisions open for Public Comment
Revisions to the ALTA Best Practices proposed by the ALTA Best Practices Executive Committee and Best Practices Work Group are now available for comment. ALTA - Proposed Revisions to ALTA Best Practices Open for Public Comment
Alabama Lender Redstone FCU requires certifications
We’ve been notified by several new clients in Alabama that Redstone Federal Credit Union has requested that the title companies that they are working with become 3rd party Best Practices certified in order to close their loans.
The ALTA's Best Practices version 3.0 goes into effect on 1/2/2020
Happy New Year! The ALTA has approved and released revised Best Practices. The new Best Practices requires registration with the ALTA Registry, as well as Wire Fraud responses and additional security controls. You can find the Best Practices v 3.0 HERE.
ALTA approves changes to the Best Practices to include ALTA Registry
https://www.alta.org/news/news.cfm?20190307-ALTA-Board-Approves-Revision-to-Best-Practices
The ALTA approved changes to the Best Practices
The ALTA has made changes to the Best Practices and the Assessment Procedures. Click Here to read more
Bank of America "Strongly Encourages" a Best Practices Certification
In a May 31, 2016 letter to settlement agents and title companies, Bank of America states that the ALTA Best Practices Certification is looked at as a best practice and is strongly encouraged. BoA goes on to say that although they are not requiring certification now, they may change that in the future. Read on...
Auburn Bank in Alabama Requires Best Practices Certifications
In a 12/23/2015 letter, Auburn Bank requires title and settlement agents to complete an ALTA Best Practices Certification by March 31, 2016. Read On..
Freedom Mortgage Requires Policies & Procedures Manuals
In a letter dated October 1, 2015, Freedom Mortgage announced that it will require all Closing Agents (settlement & title companies) to adopt an ALTA Best Practices Manual. Secure Title Solutions has Best Practices compliant Policies & Procedures templates available for immediate download HERE.
Fulton Bank is now requiring an ALTA Best Practices Certification
Fulton Bank out of Pennsylvania requires title agents and settlement companies to follow the ALTA's Best Practices framework in conjunction with loan closing & title insurance services. Read the letter