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...
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 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
In an August 14, 2015 letter, BankFirst located in Macon, MS sent its Closing Attorneys, Closing Agents, and Title Companies a letter requiring a Certification to continue closing BankFirst loans as of October 1st. Read the letter
Hammond, Louisiana American Bank & Trust will require all closing attorneys to become Best Practices Certified as of 10/3/2015 and has also laid out their plans to comply with the new TRID rules... Read the letter