Part 2: Security and Safeguards | Title Insurance Best Practices 2013

Date Posted 4/30/2013

Is the title agency you deal with handling your client's funds properly? Do they have safeguards in place to eliminate chances of loss? I'm guessing you assume that it does. You should ask because it's no fun to find out that the company insuring your transaction has bounced the checks or lost or stolen the funds. Does the title company you use check the background and credit of employees who have access to sensitive Non-public Private Information and closing funds? In 2013 the American Land Title Association published a set of Best Practices for title companies to comply with to satisfy lenders and the CFPB. Craig Haskins explains what Knight Barry is doing and suggests that you should make sure your title company is doing the same. Or just make things easy and switch your business to Knight Barry.
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