Our Platform

Platform and Core Values of

The National Association of Independent Land Title Agents

As Adopted by the Board of Directors

The National Association of Independent Land Title Agents believes and therefore endorses the following industry wide initiatives that will restore responsibility, respect, transparency and integrity to the land title settlement process:

  1. Prohibit the ownership of title insurance agencies or underwriters by banks, mortgage companies or brokers, real estate companies, agents or brokers, homebuilders and real estate developers, appraisers, surveyors or other institutions related to the real estate transaction process.
  2. Prohibit sharing of profits or any other financial inducement with a person or entity not licensed pursuant to numbers 4, 5, and 6 hereof or a company or institution prohibited from engaging as a licensed business entity in the title industry as illustrated in number 1 above.
  3. Prohibit land record searches, title examinations or real estate settlements by non-licensed persons or entities through appropriate legislation and subsequent enforcement.
  4. Establish uniform testing and licensing of land record searchers, title examiners and settlement officers implemented throughout the United States by each state.
  5. Establish uniform mandatory continuing education for searchers, title examiners and settlement officers implemented throughout the United States by each state.
  6. Establish uniform legal record search and examination standards and procedures for all title insurance agents, agencies and underwriters.
  7. Establish auditing procedures to verify not only the financial integrity of title agencies and agents but to verify licensing and CE compliance by searchers, examiners, and settlement officers and the application of proper, prudent title insurance practices by the Agent.  We support a system whereby the Department of Insurance for each state and underwriters would join in this process.
  8. Establish procedures for enforcement of these standards, statutory penalties for violators and subsequent public notice of violators by the respective Department of Insurance for each state.
  9. Establish uniform rates for title insurance that reflect the services rendered, the risk assumed, and the fundamental value of the title insurance process to the real estate and mortgage funding industries.  The rates would include, search, examinations, closing, escrow services, travel time, unusual situations, closing protection letters, insurance and endorsements among other fees for both lender and owner coverage.
  10. Establish uniform escrow standards for all title insurance agents, agencies and underwriters.
  11. Establish uniform bonding and surety requirements for all title insurance agents and agencies.
  12. Establish educational initiatives for the consumer, legislators, administrators, the Department of Housing and Urban Development and Departments of Insurance that would facilitate awareness and understanding of the entire closing process.
  13. Establish ongoing communication within our industry, consumers, legislators, HUD, and Departments of Insurance to share information, maintain a positive image of our industry and prevent, through indifference or information, the past abuses and poor image that have plagued the land title industry as a whole in recent years.
  14. Establish a working relationship with underwriters, legislators, administrators and others in the industry to create, promote and establish this agenda.
  15. Develop a uniform title insurance code for adoption by each state.