ALTA Launches New Consumer Focused Website

In the wake of last October's big uproar about the title insurance industry (great article on Transparent RE) the American Land Title Association (ALTA) recently launched a consumer focused website. This comes in response to the Government Accountability Office's year-long review of the title industry and how it works, (which was probably influenced by articles such as the one found in Forbes) that recommended certain agencies improve consumers' ability to comparison shop for title insurance.

Even though these recommendations weren't directly aimed at ALTA, they listened and took action. The results can be seen on the new website: http://www.homeclosing101.org/

The website is a great resource for Realtors, Lenders and their clients. It has a user friendly layout and provides consumers with the information they will need for their closing.

While I don't really see the need to comparison shop for title insurance in Oregon (its state regulated) I do like the idea for the states that aren't.

So, take a look at the site and hopefully you'll find some useful information for you or your clients.