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Outline: Preparing For Tomorrow: ALTA’s Strategic Priorities

1) Intro: Preparing for Tomorrow 3 minutes 0:00-0:03

a. State of the title and settlement industry

b. Housing market forecast

2) Innovation and Quality Operations 10 minutes 0:03-0:13

a. Innovation, Technology and Operational Efficiencies

i. Digital Closings

ii. Remote Online Notary

iii. State regulations

iv. Underwriter requirements

b. ALTA Registry

i. Lender compliance

ii. Tool to combat wire fraud

c. Best Practices

i. Lender and underwriter regulation

ii. Standards for vetting third-party providers

d. Talent Focus

i. Breakdown of homebuyers by age

ii. Employee training, development, engagement

3) Stay Relevant in the Secondary Market 10 minutes 0:13-0:23

a. Government Sponsored Enterprises (GSEs)

b. Pros and Cons

c. Title insurance requirement

d. GSE Reform

4) Benefits of Title Insurance 10 minutes 0:23-0:33

a. Benefits of Title Insurance to Consumers

b. Homeowner Outreach Program

i. “Optional” language contained within TILA-RESPA Disclosures

ii. Regulators demand for consumers to be educated on insurance needs

c. Seller-pay states

d. Home Closing 101: Consumer education website

5) Our Values 7 minutes 0:33-0:40

a. We Lead. We Deliver. We Protect

b. Why focus on culture?

c. What are values?

i. A system of moral standards of values

d. How do they relate to ethical behavior?

e. What role do they play in your decision-making?

f. Values to protect customers

6) Protect Data and Money 10 minutes 0:40-0:50

a. What is phishing/wire fraud?

i. Current schemes targeting the industry

b. How you can protect your business?

i. Duties of a title agent

c. Wire fraud resources

d. Rapid Response Plan for Wire Fraud Incidents

e. Data Security Laws and Regulation

7) Federal Regulation Update 10 minutes 0:50-1:00

a. CFPB

i. New Director

ii. TRID Improvement Act

iii. TRID 5-year Review (Dodd-Frank requirement)

iv. Guide Compliance Act

b. Anti-Money Laundering

i. Financial Crimes Enforcement Network (FinCEN) Extends GTO

ii. Thresholds

iii. Covered areas

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