The Consumer Financial Protection Bureau (“CFPB”) imposes liability on lending institutions for the acts of their service providers (which includes title agencies) in relation to compliance with federal consumer protection laws. In response, the American Land Title Institution (“ALTA”) issued best practices standards to assist its members to conform to the requirements of consumer protection financial laws and minimize compliance risks to lenders. Legacy Title & Escrow is proud to assure lenders that it is compliant with each of the seven pillars of best practices recommended by ALTA. Our internal quality control policies and procedures protect not only the end consumer, but our lender partners as well.
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