Everything You Need To Know About ALTA Best Practices

If it seems like you’ve been hearing more industry buzz about ALTA Best Practices recently, you’re not mistaken. Although the American Land Title Association (ALTA) first published its Best Practices in 2013, they didn’t begin to gain serious traction until 2016. Why 2016, you ask? After the Consumer Financial Protection…

Continue reading

Speed Through Required Documents For Real Estate Closings

Real Estate Closing Attorneys and Title Closing Agents are responsible for producing a great deal of critical, required documents for real estate closings, on a very tight schedule. The smaller the practice, the more of a challenge it can be to ensure full compliance with TRID requirements, ALTA Best Practices,…

Continue reading

Massive Increases In Mortgage Defects Under TRID

Increased Mortgage Defects Under TRID

Since the implementation of the TILA-RESPA Integrated Disclosure Rule (TRID, a.k.a. the Know Before You Owe mortgage rule), both Fannie Mae and the Federal Housing Authority (FHA) have developed their own taxonomies for mortgage defects, and severity scales. Fannie Mae’s system includes 12 categories, and a more simplified severity scale.…

Continue reading