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ALTA Best Practices
The American Land Title Association created Best Practices, a standardized format of business conduct to help protect lenders and consumers, while ensuring a positive and compliant real estate settlement experience.
Lawyers Title Services has adopted Best Practices for managing all aspects and functions as part of the settlement and title process and routinely submits to internal compliance audits. We do the following:
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Tracking current licensing of real estate professionals, lenders, and title insurance producers.
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Security of non-public personal information.
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Standardized title policy and premium calculations
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Trust Accounting procedures and daily reconciliation
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Secure electronic data storage and disposal of post-closing documents
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