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FNC Title Services Receives Best Practices Certification

FNC Title Services Receives Best Practices Certification

As a result of changes to federal laws, mortgage lenders are under increased pressure to ensure that their 3rd party settlement providers comply with applicable federal requirements, including protection of customers' nonpublic, personal information.   In response to these changes, ALTA established a comprehensive Best Practices framework to be followed by title companies to assist lenders in satisfying their oversight responsibility of 3rd party vendors.  ALTA's Best Practices are closely aligned with the Consumer Financial Protection Bureau's laws and regulations applicable to the same industry.  ALTA suggests that title companies obtain certification of compliance with Best Practices from an independent thirty party.

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