The Value of "Compliance First" Mentality in Your Title Company
Electronic information is having a growing impact on every area of life. Whether you are sending an email or using an online app, the data you share can contain sensitive information that can jeopardize your financial situation if it falls into the wrong hands. When buying a home, you often share sensitive personal information, such as your social security number and credit history, with a broad range of parties. You should ensure that you work with a title insurance company that demonstrates its respect for your privacy. It is imperative that a title company adhere to financial security privacy by complying with laws and industry standards related to secure data practices.
Some title companies may exude a relaxed attitude toward data security, unaware of the dangers associated with handling electronic information while other title companies believe that a data breach cannot happen to them. Simple security practices, such as encrypting emails or running malware scans, are not always a standard operating procedure, putting your information at risk. Brightline Title, on the other hand, recognizes that protecting customer information is a high-priority objective in a world where hacks, data breaches, and malware have become a common security concern. The compliance-first mentality of Brightline Title is incorporated into every touch point of its data security practices to eliminate the chance of customers’ private information being stolen or compromised.
Why High-Quality Title Information Matters to You
Compliance-focused title companies will leverage advanced data to ensure that title is clean and free of defects. To get complete competitive title information, it is important to consider a title agency that is capable of detecting advanced issues, such as fraud, undisclosed heirs, incorrect marital status, and other factors. Brightline Title complies with the data standards of the American Land Title Association to ensure that all available information is used to determine whether your title will be clean after making a purchase.
Competitive Title Insurance Rates Help Your Bottom Line
When title insurance companies can use data to minimize the chances of a title dispute, they mitigate the risk of having to pay for litigation and insurance settlements. Compliance-focused title companies are therefore more competitive with their rates than those that do not leverage the same data practices. The American Land and Title Association and their affiliates uphold standards related to employee training and technology and companies that comply with these ALTA standards also benefit from a lower cost structure because their adherence to secure procedures results in reduced liability coverage rates.
Choosing a Compliance-Focused Title Company
When choosing a title company, it is critical to select a provider that can offer effective coverage with efficient rates while keeping your best interest in mind. Always ensure that your title company complies with ALTA best practices. Contact Brightline Title for the best of both worlds with reliable coverage and maximum data protection.
