AbstractorPro (Real Title Services)
Register
Log In
Forget your Password?

Home
Directory
Bulletins
Forums
Blogs
Articles
Links
Classifieds
About Us
Contact Us
Advertise
FAQ
Privacy Policy


Discussion
<< get older messagesget newer messages >>
to post a message: login - or - register | search messages | show all replies



[+] Spring techno solutions - Donald Block/KY (2 replies)
10/19/2015 8:49:55 PM (2660 views)

[+] Comment on "When Appeals Don't Count as Pending Litigation" - Source of Title/OH (2 replies)
10/19/2015 8:42:39 AM (1849 views)

ANY COMMENTS ON THE NEW SOFTWARE - Saundra  Scott/MD
10/12/2015 4:43:59 PM (1636 views)

[+] MN Enforces Abstracer and Closer Licensing - Jeanine Johnson/MN (2 replies)
10/12/2015 11:34:47 AM (3703 views)

[+] Licensing in Minnesota - Alix Ott/MI (11 replies)
10/8/2015 4:40:29 PM (2227 views)


Real Title Services


[+] Comment on "Altisource Plans Automated Reverse Auctions for Vendors" - Source of Title/OH (4 replies)
10/6/2015 11:49:57 PM (2974 views)

Website outage - Slade Smith/OH
10/6/2015 4:20:52 PM (1606 views)

[+] Title Plant Software - Tanya Stevens/MS (1 reply)
10/6/2015 9:36:14 AM (2215 views)

[+] How to find county lines - Alix Ott/MI (21 replies)
10/4/2015 5:01:23 PM (2440 views)

POSTING RE: BAD PAYS/ETC - Heidi Gemeling/FL
10/3/2015 7:25:36 PM (2161 views)

[+] SATISFYING A MORTGAGE AND THEN RE-RECORDING IT TO CORRECT - Heidi Gemeling/FL (2 replies)
10/3/2015 6:51:07 PM (2233 views)

[+] Copy fees, etc. - Marian Severance/PA (47 replies)
10/1/2015 8:59:18 PM (3398 views)

[+] CLS Direct, Inc. (aka) - Wayne Brown/VA (5 replies)
9/30/2015 12:37:22 PM (2519 views)

[-] TRID and the encryption issues - Alix Ott/MI (5 replies)
9/30/2015 11:43:00 AM (2186 views)
Re: TRID and the encryption issues - Patrick Scott/IL
9/30/2015 8:42:18 PM (1795 views)

I'm not Robert, but I have met Robert a few times, and I think he's a heck of a guy.  So, I hope that qualifies me to attempt an answer here.

 This is nation wide, and goes back to the Graham Leach Bliley Act of 1999, parts of which, it would appear, have not been strenuously enforced -- until now.  The Act included provisions for protecting consumer privacy.  With the more recent creation, and transfer of authority to, the Consumer Financial Protection Bureau, the regulatory environment in the lending industry is seeing significant changes. 

The change that most affects as third party vendors and their subcontractors, is the burden of responsibility for the actions of third party vendors and their subcontractors being placed squarely on the shoulders of the lenders.  In a proactive move to assure the lending industry that its members would be a safe bet to work with, the American Land Title Association assembled a series of best practices, which its members are encouraged to follow.  Information security is the largest piece of the best practices framework, and requires significant effort and expense for many of its members to comply. 

Since the lenders will now bare the burden should their customers' non-public information be stolen, or otherwise mishandled, the vendors must take steps to assure the lenders that they, and their subcontractors, are taking all reasonable steps to protect the privacy of their borrowers.  And we, as abstractors, are not exempt from also taking all reasonable steps to protect the consumers' privacy.

 

to post a reply: login - or - register


Re: TRID and the encryption issues - Robert Franco/OH
10/2/2015 9:45:50 AM (1697 views)
Re: TRID and the encryption issues - george Hubka/MI
10/5/2015 9:06:14 PM (1703 views)
Encryption issue - is your report public or private? - Bobbi Shorthouse, Notary Public/CT
10/2/2015 8:42:44 AM (1586 views)
Re: TRID and the encryption issues - Jeffrey Land/NJ
2/1/2016 11:34:11 AM (1237 views)

[+] Atlantic Title Abstract ??? - M Adams/KY (1 reply)
9/29/2015 10:58:04 AM (2151 views)


<< get older messagesget newer messages >>

DISCLAIMER: These Message Forums are un-moderated and Source of Title does not endorse the content of any of the posts. Source of Title discourages libelous comments and you, as the sole creator of the content, take full responsibility for your remarks.
Directory

The Source of Title Business directory has 8923 listed companies.

Leave feedback on a company:
SOT ID #:  learn more...
DRN Title Search
Blogs

Read other users' blogs-- or start your own!

Most Recent Blog Posts:

National Settlement Services Summit NS3 - 2024
Denise. Williams.'s Blog
2024/06/30
0 comments

Unveiling the Costs: Why Commercial Title Searches Command a Premium
Security American's Blog
2024/04/17
0 comments

Protecting Your Home: The Ins and Outs of Deed Theft and How to Shield Yourself
Security American's Blog
2024/03/21
0 comments

Articles

Source of Title articles help to keep you informed on the state of the title industry.

NAR Offers Support for New Biden Housing Plan
“Executive agencies have the power to act quickly to promote homeownership. We applaud the Biden Administration...
Pending Home Sales Dropped 2.1% in May
“The market is at an interesting point with rising inventory and lower demand,” said NAR Chief Economist Law...
Housing Affordability Conspicuously Absent from Presidential Debate
“The housing affordability crisis is a top national concern and Americans will take notice why the presidential ca...
Statement on Request for Proposal to Identify Potential Suppliers for Fannie Mae's Title Acceptance Pilot
Fannie Mae today issued a Request for Proposal (RFP) to identify potential suppliers to participate in a Title Acceptanc...
Mortgage Applications Increase in Latest MBA Weekly Survey
“Mortgage rates were mostly lower last week, with the 30-year fixed rate declining slightly to 6.93 percent, the l...

Search Articles:
browse...

Classifieds

Buy, sell, or trade! Browse the ads or post your own!

LOCAL SEARCHERS (PA& EVERYWHERE)-WE PAY
June 04 2024
We are an AMERICAN production and marketplace company, working with most of the major underwriters and Seeking LOCAL independant title searcher(s) for regular work in the following PA counties:
Huntingdon
Mifflin
Juniata
Greene
Warren
Cameron...[more info]


link
email
© 2020, Source of Title.