The American Land Title Association (ALTA) has agreed to integrate all of the data it collects and maintains in its national ALTA Title & Settlement Agent Registry (ALTA Registry) into our Settlement Agent Gateway and Smart Query closing cost fee calculator along with other closing cost software that we deliver to the industry. Title agents that work with us are able to effortlessly share their ALTA ID, a unique 7-digit identifier, and their settlement fees with integration partners and lenders.
The ALTA Registry is an important industry database that can mitigate fraud risk and help lenders ensure the integrity of their loan origination process. The registry is a searchable online database of underwriter-confirmed title agent companies, real estate attorneys and underwriter direct offices. Because the data ALTA collects are confirmed by title underwriters, the ALTA ID has become a critical piece of data that our customers use to verify the identity of their partners. Ernst integration of this information with Settlement Agent fees insures the accuracy of the fees agents and lenders disclose to their borrowers.
ALTA is perfectly positioned to develop and maintain this industry utility. Ernst provides the perfect method to push this information out to lenders and integrators in the manner they wish to receive it.
Lenders can have easy access to ALTA IDs for the partners they work with, making more sense than ever for title agents to join the ALTA Registry for their own ALTA ID. There is no charge to register and title agents do not have to join ALTA to receive an ALTA ID.