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Title Companies
Anonymous Member
09-21-2022 12:56 PM
This message was posted by a user wishing to remain anonymous When it comes to title companies, how ...
Greg Schmeisser
09-22-2022 09:03 AM
For your consideration: The customer and the seller (if applicable) select the title provider. As a ...
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Title Companies
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This message was posted by a user wishing to remain anonymous
Posted 09-21-2022 12:56 PM
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This message was posted by a user wishing to remain anonymous
When it comes to title companies, how do you assess, measure, monitor and manage risk?
Can title companies be "carved out"?
Thanks!
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RE: Title Companies
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Greg Schmeisser
Posted 09-22-2022 09:03 AM
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For your consideration:
The customer and the seller (if applicable) select the title provider. As a lender, we are required to provide a list of available providers in the area, as part of TRID. The disclosure indicates this is not an endorsement of or recommendation of the Title provider.
Therefore as a lender, my perspective is the title company is not a vendor under the control of the bank and can reasonable be carved out of the TPRM inventory/program.
Original Message
Original Message:
Sent: 09-21-2022 11:26 AM
From: Anonymous Member
Subject: Title Companies
This message was posted by a user wishing to remain anonymous
When it comes to title companies, how do you assess, measure, monitor and manage risk?
Can title companies be "carved out"?
Thanks!
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