You just can’t deny that the title industry has had a dizzying two years. Chat GPT. Remote Online Notarization (RON) and digital closings. Attorney Opinion Letters (AOLs) and other “quick” mortgage products that more or less bypass a full title search process. The end of 2% (or less) interest rates and the rise of an […]
It’s been a challenging cycle for the market, and title businesses, like everyone else, have been forced to tighten their proverbial belts. The typical approach to this is to cut back on costs unrelated to the direct generation of revenue. That could include support personnel, compliance resources and IT services or cybersecurity. Don’t do it. […]
In January, the American Land Title Association (ALTA) announced the publication of the ALTA Best Practices Framework ver. 4.0, with an effective date of May 23, 2023. The updates represent a much-needed fine-tuning of escrow and security processes in response to the increasing threats to consumers personal information, as well as wire fraud and other […]
