The Dodd-Frank Wall Street Reform & Consumer Protection Act, the Consumer Financial Protection Bureau (CFPB) and its new rules and regulations are changing the mortgage lending industry and ultimately the traditional relationships between lenders and title insurance agents. As lenders are responsible for the actions of third party vendors, additional compliance is required for the title insurance industry. ALTA’s Best Practices were created in response to these changing times and roles. Elite Closings LLC is dedicated to ALTA Best Practices and is voluntarily complying.