Tag Archives: title insurance

PA ALTA Best Practices Pillar 2 Escrow Accounting course available in Pennsylvania

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This course is one in a series of Courses that discuss ALTA Best Practices. This one covers Pillar 2. The objective of the course is for the learner to complete the section of their policy and procedure manual for the pillars discussed in the course. Also, upon completion the learner will be confident that they will be able to pass an ALTA Best Practice audit for the pillars discussed in the course.

Pillar 2 is about Escrow Trust Accounting. Appropriate and effective escrow controls and staff training help title and settlement companies meet client and legal requirements for the safeguarding of client funds. These procedures help ensure accuracy and minimize the exposure to loss of client funds. Settlement companies may engage outside contractors to conduct segregation of trust accounting duties.

The course covers the 73 questions asked in the ALTA Pillar 2 Workbook so that the learner understands what is expected to be compliant. The course covers the Action Items report, Assessment Readiness, and Certification

Streamline Consulting has done the research and put together the content for the course. Streamline Consulting is a privately owned company that was formed in order to meet the personnel, technical and business needs of Title Insurance Companies. They are advocates for their clients in all aspects of the title insurance industry.

While the nature of the business is the same in all states, the nuances of each title company, even within the same city, can be very different. Streamline customizes every project and product for each title company, regardless of size, location or products and services provided to their customers.

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Fraud in the Title Industry approved in PA

4 Credits

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This course is a comprehensive discussion Fraud in the Title Industry. It covers fraud for property and fraud for profit schemes that have been around for a long time. The majority of the presentation centers on Cyber Fraud. The Business Email Compromise has become a major threat to businesses in general and are of significant concern to title agencies. The course will cover in detail;

  • Types of fraudFraud
  • Red Flags indication fraud
  • Legislation
  • Cyber Fraud
  • Wire Fraud
  • Protecting Bank Accounts
  • Safer Use of the Internet
  • Cybersecurity for Business
  • Personnel Policies and Employee Training
  • Security for Mobile Devices

The course is approved for 4 continuing education credits

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How to create a strong password

ALTA Best practices encourages the use of strong passwords for your computer systems. Passwords provide the first line of defense against unauthorized access to your computer. The stronger your password, the more protected your computer will be from hackers and malicious software. You should make sure you have strong passwords for all accounts on your computer. If you’re using a corporate network, your network administrator might require you to use a strong password.

Check the strength of your password here

What makes a password strong (or weak)?

A strong password:

  • Is at least eight characters long.

  • Does not contain your user name, real name, or company name.

  • Does not contain a complete word.

  • Is significantly different from previous passwords.

  • Contains Uppercase letters, Lowercase letters, numbers and symbols

A password might meet all the criteria above and still be a weak password. For example, No1password! meets all the criteria for a strong password listed above, but is still weak because it contains a complete word. N01 p@ssw0rd! is a stronger alternative because it replaces some of the letters in the complete word with numbers and also includes spaces.

Help yourself remember your strong password by following these tips:

  • Create an acronym from an easy-to-remember piece of information. For example, pick a phrase that is meaningful to you, such as My daughter’s birthday is 28 October, 1974. Using that phrase as your guide, you might use Mdbi28/Oct,74 for your password.

  • Substitute numbers, symbols, and misspellings for letters or words in an easy-to-remember phrase. For example, My daughter’s birthday is 28 October, 1974 could become MiDauBrthd8iz 281074 (it’s OK to use spaces in your password).

  • Relate your password to a favorite hobby or sport. For example, I love to play basketball could become ILuv2PlayB@sk3tb@ll.

If you feel you must write down your password in order to remember it, make sure you don’t label it as your password, and keep it in a safe place.

Check the strength of your password here