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[+] How to find county lines - Alix Ott/MI (21 replies)
10/4/2015 5:01:23 PM (2408 views)

POSTING RE: BAD PAYS/ETC - Heidi Gemeling/FL
10/3/2015 7:25:36 PM (2141 views)

[+] SATISFYING A MORTGAGE AND THEN RE-RECORDING IT TO CORRECT - Heidi Gemeling/FL (2 replies)
10/3/2015 6:51:07 PM (2209 views)

[+] Copy fees, etc. - Marian Severance/PA (47 replies)
10/1/2015 8:59:18 PM (3376 views)

[+] CLS Direct, Inc. (aka) - Wayne Brown/VA (5 replies)
9/30/2015 12:37:22 PM (2501 views)


Real Title Services


[-] TRID and the encryption issues - Alix Ott/MI (5 replies)
9/30/2015 11:43:00 AM (2159 views)
Re: TRID and the encryption issues - Patrick Scott/IL
9/30/2015 8:42:18 PM (1728 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.

 

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Re: TRID and the encryption issues - Robert Franco/OH
10/2/2015 9:45:50 AM (1620 views)
Re: TRID and the encryption issues - george Hubka/MI
10/5/2015 9:06:14 PM (1633 views)
Encryption issue - is your report public or private? - Bobbi Shorthouse, Notary Public/CT
10/2/2015 8:42:44 AM (1521 views)
Re: TRID and the encryption issues - Jeffrey Land/NJ
2/1/2016 11:34:11 AM (1159 views)

[+] Atlantic Title Abstract ??? - M Adams/KY (1 reply)
9/29/2015 10:58:04 AM (2114 views)

[+] You Have Got To Be Kidding - Please Read - Kenneth Signor/SC (20 replies)
9/28/2015 7:01:30 PM (4409 views)

[+] Foreclosure on an affordable unit - what a mess - Leigh Attridge/MA (2 replies)
9/28/2015 6:52:04 PM (2022 views)

[+] String Information Services - jess barker/IL (2 replies)
9/28/2015 4:50:09 PM (2379 views)

[+] Capstone Title Services LLC - KAREN ROBERTS/PA (29 replies)
9/28/2015 9:13:34 AM (3287 views)

[+] MERS in Court - Lisa Ramsey/TX (1 reply)
9/26/2015 8:12:44 PM (2075 views)

Not getting paid by offshore co's. - Randi Erickson/MN
9/25/2015 6:24:12 PM (3742 views)

[+] KonkaSoft, LLC ???? - Brandy Cook/VA (10 replies)
9/25/2015 11:16:25 AM (5013 views)

[+] USA-TITLE(Loosing clients from unkown postings) - Murphy Alex/NJ (5 replies)
9/22/2015 11:20:22 PM (2843 views)


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