compliance

Dream Finders Title is licensed by the Florida Department of Financial Services and appointed as an agent to write title insurance policies. Dream Finders Title is Self-Certified in ALTA's 7 Pillars of Best Practices and is currently in the process of obtaining its Third Party Compliance Certificate in Best Practices.

Watch the video below for more information regarding the new Consumer Financial Protection Bureau regulations:

Best Practice 1 - Licensing

Establishing and maintaining current License(s) as required to conduct the business of title insurance and settlement services.

Best Practice 2 - Escrow Account Controls

Adopting and maintaining appropriate written procedures and controls for Escrow Trust Accounts allowing for electronic verification of reconciliation.

Best Practice 3 - Information & Data Privacy

Adopting and maintaining a written privacy and information security program to protect Non-public Personal Information as required by local, state and federal law.

Best Practice 4 - Settlement Policies & Procedures

Adopting standard real estate settlement procedures and policies that help ensure compliance with Federal and State Consumer Financial Laws as applicable to the Settlement process.

Best Practice 5 - Title Policy Production

Adopting and maintaining written procedures related to title policy production, delivery, reporting and premium remittance.

Best Practice 6 - Insurance

Dream Finders Title maintains all required insurance policies as proscribed by the Florida Department of Financial Services, holds cyber-liability coverage and has a special CFPB endorsement to its errors and omissions coverage.

Best Practice 7 - Consumer Complaints

Adopting and maintaining written procedures for resolving consumer complaints.

* For more information about ALTA Best Practices, please click on the link below: *

  http://www.alta.org/bestpractices/index.cfm

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* For more information regarding the new Consumer Financial Protection Bureau (CFPB) regulations, please click on the links below: *

CFPB Animated Explanations:

http://fntgmarketing.com/cfpb-explanations

HUD-1 Going Away: Understand New Closing Forms, Procedures:

https://www.youtube.com/watch?v=CLjFLD4LsnE

CFPB: Understanding the Importance of the Owner's Title Insurance Policy:

https://www.youtube.com/watch?v=2G8_FeVijsQ