4 posts categorized "Best Practices"

09/18/2014

Top 8 Tips for Putting Your Recovery Plan into Action

With it being National Preparedness Month, Agility Recovery has created an infographic that highlights the importance of having a disaster recovery plan and the steps you can take today to put your plan into action. Check out the infographic to learn how to rate your risk, tips for creating a crisis communications plan, to get a template for creating emergency wallet cards and tips for conducting a simple disaster recovery test.

The third pillar of ALTA's "Title Insurance and Settlement Company Best Practices" encourages title professionals to develop a disaster management plan.

Top8TipsInfographic

09/20/2013

ALTA Unveils Best Practices Assessment Preparation Workbook for Members

ALTA has created a Best Practices Assessment Preparation Workbook that members can use to examine adoption of ALTA’s “Title Insurance and Settlement Company Best Practices” and measure if a company is prepared to undergo an assessment.

ALTA is providing Workbooks for each pillar of the Best Practices. Workbooks for all the pillars, except pillar No. 3 (which will be released next week) can be found here.

You can read more about the Workbooks here.

To help members fill out the Workbook, we've created this tutorial video:

ALTA has created a Best Practices Assessment Preparation Workbook that members can use to examine adoption of ALTA’s “Title Insurance and Settlement Company Best Practices” and measure if a company is prepared to undergo an assessment.

“We are hopeful that ALTA members find the Workbook helpful in preparing for a Best Practices Assessment and also in the day-to-day running of your company,” said Michelle Korsmo, ALTA’s chief executive officer. “You can think of the Workbook as the Cliffs Notes to help title professionals prepare for the Assessment.”

To help simplify the process, ALTA will provide a Workbook for each pillar of the Best Practices. The first Workbook released today (Aug. 22) is for pillar No. 1, which addresses licensing. Workbooks for each pillar—which are provided exclusively to ALTA members— will be released over the coming weeks.
- See more at: http://www.alta.org/news/news.cfm?newsID=22261#sthash.0IE1qT4f.dpuf

iPhone fingerprint sensor raises security concerns

Apple's Touch ID fingerprint scanner allows users to scan their fingerprint to access the iPhone and download media or apps from iTunes without the need to type in a PIN code. - See more at: http://www.alta.org/news/news.cfm?newsID=22535#sthash.1b3IuKCw.dpuf
Apple's Touch ID fingerprint scanner allows users to scan their fingerprint to access the iPhone and download media or apps from iTunes without the need to type in a PIN code. - See more at: http://www.alta.org/news/news.cfm?newsID=22535#sthash.1b3IuKCw.dpuf
pple's Touch ID fingerprint scanner allows users to scan their fingerprint to access the iPhone and download media or apps from iTunes without the need to type in a PIN code. - See more at: http://www.alta.org/news/news.cfm?newsID=22535#sthash.1b3IuKCw.dpuf

Apple's new iPhone 5S features a new fingerprint sensor to enhance security. The Touch ID fingerprint scanner allows users to scan their fingerprint to access the iPhone and download media or apps from iTunes without the need to type in a PIN code.

While the feature is supposed to improve security, questions have been raised about hackers' ability to "steal" a fingerprint. For ALTA members that may eventually use this feature, any non-public personal information could be at risk. ALTA’s “Title Insurance and Settlement Company Best Practices” provides guidance on protecting NPI.

Gregory McDonald of Cloudstar Consulting Corp. is concerned the fingerprint scanner will give iPhone users a false sense of security. - See more at: http://www.alta.org/news/news.cfm?newsID=22535#sthash.1b3IuKCw.dpuf

Gregory McDonald of Cloudstar Consulting Corp. shared some concerns with us and you can read about those here. The article also includes tips on smartphone security from ISON.

But can fingerprints really be "stolen?" Check out this cool video from MythBusters who prove you can.


pple's Touch ID fingerprint scanner allows users to scan their fingerprint to access the iPhone and download media or apps from iTunes without the need to type in a PIN code. - See more at: http://www.alta.org/news/news.cfm?newsID=22535#sthash.1b3IuKCw.dpuf

08/28/2013

ALTA Releases New Tools for Implementation of Best Practices

When planning for the future, it can be helpful to start by looking at the past. It’s hard to fathom that just one year ago (August 20th to be exact) the ALTA Board Governors met in Chicago to start the process of drafting ALTA’s “Title Insurance and Settlement Company Best Practices.” Since then, ALTA has not only finalized the Best Practices but also made improvements with Version 2.0. The Board also went on the road to talk with agents and underwriters about why we developed the Best Practices, the Best Practices Task Force met with both national and warehouse lenders to explore how the Best Practices can meet their needs and help them know the partners with whom they do business. Most recently, we created a set of assessment procedures and a model certification.
While we have done a lot in the past year on the Best Practices, we recognize that there is much for ALTA to do to help our members adopt the Best Practices. That is why we are pleased to kick off the second year of the Best Practices with ALTA’s “Best Practices Assessment Preparation Workbook.”
The Best Practices Workbook provides ALTA members with a tool to help gauge their company’s readiness with ALTA’s “Title Insurance and Settlement Company Best Practices.” This invaluable tool lets companies identify issues that should be addressed to meet the requirements of the Best Practices and provides an easy framework for collecting all the documentation necessary to prepare for a Best Practices Assessment. Best of all, we are pleased to offer this tool free to all ALTA members.
Over 400 people attended our Best Practices webinar last Thursday (Aug. 22) in which we launched the Best Practices Workbook. Right now, only Chapter 1 (Licensing) is available. Over the next month we will release the other six chapters, which correspond to each of the Best Practice pillars. The Best Practices Workbook can be found at www.alta.org/bestpractices/workbooks.cfm. If you missed the webinar, here's a recording:
 
The Best Practices Workbook is available as a Microsoft Excel document. It is a series of questions about your company’s current business practices.  Each question should be answered with either a yes or no. Some questions may require a narrative response. In addition, the Best Practices Workbook asks you to indicate whether the practice is documented in your written procedures and whether your company has a system for determining whether you and your employees are following those procedures.  Included with the Best Practices Workbook is an instructional video and welcome letter to help you to get the most value out of the Workbook. Here's the tutorial video:
http://www.youtube.com/watch?v=-2tlpAF-c94
One aspect of this workbook I highly recommend is the automatic “Action Items” report of controls and procedures that identifies issues your company should work on or put in writing to meet the Best Practices. This Action Items report can only be produced if you complete the workbook electronically. We think ALTA’s “Best Practices Assessment Preparation Workbook” is a great tool and we hope that members find it to be helpful not only as you prepare for a Best Practices Assessment but also in the day-to-day running of your company.
For more information on ALTA's "Title Insurance and Settlement Company Best Practices," go to www.alta.org/bestpractices.