As we reported in our coverage from the American Land Title Business
Strategies Conference, the lending industry is highly concerned about
new regulation and, by extension, the settlement agents closing their
transactions and issuing title policies.
That issue was under
discussion in several other panels at the conference as well, including
one about the potential of implementing a national agent database —
essentially a source to pool existing information about settlement
agents and title underwriters, build real-time transparency and allow
lenders to quickly verify the data they need. Is this idea feasible? And
really, what is the idea, exactly? Read on for the conversation.