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



POSTING RE: BAD PAYS/ETC - Heidi Gemeling/FL
10/3/2015 7:25:36 PM (2133 views)

[+] SATISFYING A MORTGAGE AND THEN RE-RECORDING IT TO CORRECT - Heidi Gemeling/FL (2 replies)
10/3/2015 6:51:07 PM (2199 views)

[+] Copy fees, etc. - Marian Severance/PA (47 replies)
10/1/2015 8:59:18 PM (3368 views)

[+] CLS Direct, Inc. (aka) - Wayne Brown/VA (5 replies)
9/30/2015 12:37:22 PM (2495 views)

[-] TRID and the encryption issues - Alix Ott/MI (5 replies)
9/30/2015 11:43:00 AM (2153 views)
Re: TRID and the encryption issues - Patrick Scott/IL
9/30/2015 8:42:18 PM (1699 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 (1592 views)
Re: TRID and the encryption issues - george Hubka/MI
10/5/2015 9:06:14 PM (1612 views)
Encryption issue - is your report public or private? - Bobbi Shorthouse, Notary Public/CT
10/2/2015 8:42:44 AM (1492 views)
Re: TRID and the encryption issues - Jeffrey Land/NJ
2/1/2016 11:34:11 AM (1136 views)


Real Title Services


[+] Atlantic Title Abstract ??? - M Adams/KY (1 reply)
9/29/2015 10:58:04 AM (2109 views)

[+] You Have Got To Be Kidding - Please Read - Kenneth Signor/SC (20 replies)
9/28/2015 7:01:30 PM (4405 views)

[+] Foreclosure on an affordable unit - what a mess - Leigh Attridge/MA (2 replies)
9/28/2015 6:52:04 PM (2017 views)

[+] String Information Services - jess barker/IL (2 replies)
9/28/2015 4:50:09 PM (2373 views)

[+] Capstone Title Services LLC - KAREN ROBERTS/PA (29 replies)
9/28/2015 9:13:34 AM (3285 views)

[+] MERS in Court - Lisa Ramsey/TX (1 reply)
9/26/2015 8:12:44 PM (2071 views)

Not getting paid by offshore co's. - Randi Erickson/MN
9/25/2015 6:24:12 PM (3738 views)

[+] KonkaSoft, LLC ???? - Brandy Cook/VA (10 replies)
9/25/2015 11:16:25 AM (5008 views)

[+] USA-TITLE(Loosing clients from unkown postings) - Murphy Alex/NJ (5 replies)
9/22/2015 11:20:22 PM (2840 views)

[+] usa-title(universal search american title llc) - David Thomas/NJ (1 reply)
9/22/2015 11:15:51 PM (2619 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 8917 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:

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

Exploring the Implications of Eliminating Mandatory Title Insurance
Security American's Blog
2024/03/11
0 comments

Articles

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

Higher Interest Rates Keep Single-Family Housing Starts Flat in April
“While the start of the year has seen an expansion for single-family home building because of a lack of existing h...
Proof and Socure partner to combat fraud and forgery in the $200 trillion exchanged through contracts, authorizations, and forms
"With the explosion of new fraud vectors, our mission at Socure remains steadfast: use AI to deliver the most accurate a...
MBA President and CEO Bob Broeksmit, CMB, Takes Aim at Basel III, Overregulation; Calls for a "National Housing Director" in Exchequer Club Speech
"Taken as a whole, the administrative state is creating what I call 'regulatory knots.' As these knots grow, they restri...
Mortgage Applications Increase in Latest MBA Weekly Survey
“While the downward move in rates benefits prospective homebuyers, mortgage rates are still much higher than they ...
Higher Mortgage Rates Hammer Builder Confidence in May
“The market has slowed down since mortgage rates increased and this has pushed many potential buyers back to the s...

Search Articles:
browse...

Classifieds

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

© 2020, Source of Title.