A Message from the President
Thank you, again, for the honor of serving as President of the Pennsylvania Land Title Association this year. As was stated in Hershey, the PLTA provides an outlet for its members to freely share expertise and solutions with colleagues. Our goals are for the benefit of the industry.
Two big industry impacting issues that we find ourselves currently addressing are Best Practices and the Consumer Financial Protection Bureau’s integrated mortgage disclosure. Change – the only constant is change.
Effective August 1, 2015, the industry will be required to use a new Closing Disclosure which will replace the HUD-1 and final Truth-In-Lending. Also, a new Loan Estimate will replace the Good Faith Estimate and early TIL.
In looking forward, it is apparent that PLTA needs to keep PACE. And in keeping with today’s world of acronyms it would break down like this:
P - Prevent the industry from being adversely impaired by legislation.
This can be accomplished if we,
A - Advocate our concerns with our officials PROACTIVELY.
C - Communicate our efforts with the membership
E - Educate title professionals
It is important to share with others the valuable role our industry plays in the real estate transaction. We must encourage and assist consumers to be educated purchasers of title insurance and title related services.
PLTA members are knowledgeable, dedicated professionals who are the best resource to protecting the American dream of home ownership.
I am grateful for those who have served before me. Please know that I, along with the Board of John Croke, Brian Zulli and Frank McGovern, are at your service. May I serve you all well and keep PLTA in PACE.