Who Chooses The Settlement Company?
Home Buyer Quick Facts by ALT Title
"Don’t assume that the providers your lender selects have been chosen for low rates or good service.” CFPB in Shop for title insurance and other closing services.
Under federal law enforced by the CFPB, (Consumer Financial Protection Bureau), when you buy or refinance real estate you have the right to use the company of your choice for title insurance/settlement services. While real estate brokerages, lenders, and home builders can suggest that you use their in-house affiliate company, they can’t require you to use them. Any individual or company found to be in violation would be subject to a hefty fine.
Now that you know the facts, see how much ALT can save you. Count on us to provide you with a complete & accurate title insurance/settlement services quote online 24/7.