ALTA Doubles Down March 9, 2023.pdf
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iTitleTransfer Introduces Costumer Choice "Alternative to Title Insurance" for a Third of the Closing Cost, Authorized by Fannie Mae and Freddie Mac, utilizing Real Estate Attorney Opinion Letters.
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ALTA Steps Up Anti-consumer Rhetoric.docx
iTitleTransfer Introduces Anti-Monopoly and Pro-Costumer Choice "Alternative to Title Insurance" for a Third of the Closing Cost, Authorized by Fannie Mae and Freddie Mac, utilizing Real Estate Attorney Opinion Letters.
iTitleTransfer Reports ALTA Steps Up Monopolistic Anti-Consumer Rhetoric
iTitleTransfer Reports ALTA Steps Up Monopolistic Anti-Consumer RhetoricIntegrated Growth Strategies
ALTA is lobbying to protect the title insurance monopoly and eliminate alternatives like attorney opinion letters and iTitleTransfer's end-to-end loan closing platform. iTitleTransfer's platform provides search, examination, risk scoring, curative, escrow, GSE-compliant attorney opinion letters, eSigning, eNotary, eRecording and deed monitoring, saving consumers up to 65% of traditional closing costs. ALTA is demonstrating desperation to prevent competition from alternatives authorized by the GSEs and has recruited two Congressmen to influence federal agencies, but the GSEs remain steadfast in providing consumer choice beyond just the title insurance monopoly.ALTA Steps Up Monopolistic Anti-Consumer Rhetoric.pdf
iTitleTransfer Introduces Anti-Monopoly and Pro-Costumer Choice "Alternative to Title Insurance" for a Third of the Closing Cost, Authorized by Fannie Mae and Freddie Mac, utilizing Real Estate Attorney Opinion Letters.
iTitleTransfer's Sprink Consumer Choice AOL Opinion Essay
The document is an opinion piece criticizing the title insurance monopoly's lobbying efforts to eliminate consumer choice and competition from attorney opinion letters (AOLs). It notes that the title insurance industry, controlled by four conglomerates, generates $26 billion annually while paying out less than 3% in claims. The piece argues that AOLs provide a valid lower-cost alternative to title insurance and that the monopoly's lobbyist, ALTA, is pressuring Congress and agencies to restrict the acceptance of AOLs. It accuses ALTA and industry representatives of misleading comparisons between AOLs and title insurance products in order to protect the monopoly's profits and market dominance.
Sprink Consumer Choice AOL Opinion Essay.docx
The document is an opinion piece criticizing the title insurance monopoly's lobbying efforts to eliminate consumer choice and competition from attorney opinion letters (AOLs). It notes that the title insurance industry, controlled by four conglomerates, generates $26 billion annually while paying out less than 3% in claims. The piece argues that AOLs provide a valid lower-cost alternative to title insurance and that the monopoly's efforts to ban AOLs through Congress and government agencies are anti-competitive and deny consumer choice. It warns that consumer advocates may pursue antitrust investigations into the monopoly's conduct.
iTitleTransfer; Sprink: Consumer Deserve Choice of Attorney Opinion Letter
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The document is an opinion piece criticizing the title insurance monopoly's lobbying efforts to eliminate consumer choice and competition from attorney opinion letters (AOLs). It notes that the title insurance industry, controlled by four conglomerates, generates $26 billion annually while paying out less than 3% in claims. The piece argues that AOLs provide a valid lower-cost alternative to title insurance and that the monopoly's efforts to ban AOLs through lobbying Congress denies consumer choice and competition. It concludes that lenders and consumers deserve alternatives to the high-cost title insurance monopoly.iTitleTransfer: Attorney Opinion Letter is a Consumer Choice
The document is an opinion piece criticizing the title insurance monopoly's lobbying efforts to eliminate consumer choice and competition from attorney opinion letters (AOLs). It notes that the title insurance industry, controlled by four conglomerates, generates $26 billion annually while paying out less than 3% in claims. The piece argues that AOLs provide a valid lower-cost alternative to title insurance and that the monopoly's efforts to ban AOLs through lobbying Congress are anti-competitive and deny consumer choice. It concludes by stating that lenders and consumers deserve choice in loan closing options.
Sprink Consumer Choice AOL Opinion Essay.docx
The document is an opinion piece criticizing the title insurance monopoly's lobbying efforts to eliminate consumer choice and competition from attorney opinion letters (AOLs). It notes that the title insurance industry, controlled by four conglomerates, generates $26 billion annually while paying out less than 3% in claims. The piece argues that AOLs provide a valid lower-cost alternative to title insurance and that the monopoly's efforts to ban AOLs through lobbying Congress are anti-competitive and deny consumer choice. It concludes by stating that lenders and consumers deserve choice in loan closing options.
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ALTA Steps Up Anti-consumer Rhetoric.docx
iTitleTransfer Introduces Anti-Monopoly and Pro-Costumer Choice "Alternative to Title Insurance" for a Third of the Closing Cost, Authorized by Fannie Mae and Freddie Mac, utilizing Real Estate Attorney Opinion Letters.
iTitleTransfer Reports ALTA Steps Up Monopolistic Anti-Consumer Rhetoric
iTitleTransfer Reports ALTA Steps Up Monopolistic Anti-Consumer RhetoricIntegrated Growth Strategies
ALTA is lobbying to protect the title insurance monopoly and eliminate alternatives like attorney opinion letters and iTitleTransfer's end-to-end loan closing platform. iTitleTransfer's platform provides search, examination, risk scoring, curative, escrow, GSE-compliant attorney opinion letters, eSigning, eNotary, eRecording and deed monitoring, saving consumers up to 65% of traditional closing costs. ALTA is demonstrating desperation to prevent competition from alternatives authorized by the GSEs and has recruited two Congressmen to influence federal agencies, but the GSEs remain steadfast in providing consumer choice beyond just the title insurance monopoly.ALTA Steps Up Monopolistic Anti-Consumer Rhetoric.pdf
iTitleTransfer Introduces Anti-Monopoly and Pro-Costumer Choice "Alternative to Title Insurance" for a Third of the Closing Cost, Authorized by Fannie Mae and Freddie Mac, utilizing Real Estate Attorney Opinion Letters.
iTitleTransfer's Sprink Consumer Choice AOL Opinion Essay
The document is an opinion piece criticizing the title insurance monopoly's lobbying efforts to eliminate consumer choice and competition from attorney opinion letters (AOLs). It notes that the title insurance industry, controlled by four conglomerates, generates $26 billion annually while paying out less than 3% in claims. The piece argues that AOLs provide a valid lower-cost alternative to title insurance and that the monopoly's lobbyist, ALTA, is pressuring Congress and agencies to restrict the acceptance of AOLs. It accuses ALTA and industry representatives of misleading comparisons between AOLs and title insurance products in order to protect the monopoly's profits and market dominance.
Sprink Consumer Choice AOL Opinion Essay.docx
The document is an opinion piece criticizing the title insurance monopoly's lobbying efforts to eliminate consumer choice and competition from attorney opinion letters (AOLs). It notes that the title insurance industry, controlled by four conglomerates, generates $26 billion annually while paying out less than 3% in claims. The piece argues that AOLs provide a valid lower-cost alternative to title insurance and that the monopoly's efforts to ban AOLs through Congress and government agencies are anti-competitive and deny consumer choice. It warns that consumer advocates may pursue antitrust investigations into the monopoly's conduct.
iTitleTransfer; Sprink: Consumer Deserve Choice of Attorney Opinion Letter
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The document is an opinion piece criticizing the title insurance monopoly's lobbying efforts to eliminate consumer choice and competition from attorney opinion letters (AOLs). It notes that the title insurance industry, controlled by four conglomerates, generates $26 billion annually while paying out less than 3% in claims. The piece argues that AOLs provide a valid lower-cost alternative to title insurance and that the monopoly's efforts to ban AOLs through lobbying Congress denies consumer choice and competition. It concludes that lenders and consumers deserve alternatives to the high-cost title insurance monopoly.iTitleTransfer: Attorney Opinion Letter is a Consumer Choice
The document is an opinion piece criticizing the title insurance monopoly's lobbying efforts to eliminate consumer choice and competition from attorney opinion letters (AOLs). It notes that the title insurance industry, controlled by four conglomerates, generates $26 billion annually while paying out less than 3% in claims. The piece argues that AOLs provide a valid lower-cost alternative to title insurance and that the monopoly's efforts to ban AOLs through lobbying Congress are anti-competitive and deny consumer choice. It concludes by stating that lenders and consumers deserve choice in loan closing options.
Sprink Consumer Choice AOL Opinion Essay.docx
The document is an opinion piece criticizing the title insurance monopoly's lobbying efforts to eliminate consumer choice and competition from attorney opinion letters (AOLs). It notes that the title insurance industry, controlled by four conglomerates, generates $26 billion annually while paying out less than 3% in claims. The piece argues that AOLs provide a valid lower-cost alternative to title insurance and that the monopoly's efforts to ban AOLs through lobbying Congress are anti-competitive and deny consumer choice. It concludes by stating that lenders and consumers deserve choice in loan closing options.
iTitleTransfer: Title Agents Gain Access to Attorney Opinion Letter
iTitleTransfer has launched the nation's first low-cost "Loan Closing Platform" as an alternative to costly title insurance. The platform provides an end-to-end loan closing solution using an Attorney Opinion Letter in place of title insurance, saving borrowers over half the cost. Inquiries from title agents indicate the American Land Title Association is enforcing outdated monopolistic practices and pressuring federal agencies to eliminate alternatives that provide consumer choice. iTitleTransfer aims to make homeownership more accessible by offering a safe, reliable and low-cost closing platform that respects diversity and inclusion.
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The document discusses title insurance and alternatives such as attorney opinion letters (AOLs). It argues that the title insurance industry lobby group ALTA is working to protect the title insurance monopoly and deny consumer choice. ALTA is lobbying Congress to pressure Fannie Mae and Freddie Mac to stop accepting AOLs as an alternative to title insurance. The document claims title insurance costs consumers billions each year but pays out very few claims. It supports giving consumers the choice to use lower cost alternatives like AOLs for mortgage closings rather than expensive title insurance.
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The document discusses the title insurance industry's opposition to attorney opinion letters (AOL) as an alternative to title insurance. It argues that the title insurance trade association ALTA lobbies against AOL acceptance in order to protect the title insurance monopoly. Leading mortgage lenders have embraced the lower-cost AOL option, but ALTA executives are now lobbying Congress to pressure agencies to reject AOL. The document criticizes arguments made by title industry representatives against AOL, saying they inaccurately compare AOL to full title insurance policies and ignore the high profits and low claims costs of the title insurance industry. It supports consumer choice and alternatives to the costly title insurance monopoly.
ALTA RHETORIC DRAWS CRITICISM AS PROMOTING ANTI.pdf
ALTA, which represents the title insurance monopoly, is criticized for promoting anti-consumer and anti-
competition rhetoric to protect its monopoly. The document outlines how the title insurance industry generates
billions in revenue while paying out low claims percentages. It also notes that Freddie Mac and Fannie Mae now
allow for lower-cost alternatives like attorney opinion letters. The document argues that ALTA spreads propaganda
against alternatives to title insurance to protect its monopoly, though consumers and lenders deserve choice in
closing services.
ALTA RHETORIC DRAWS CRITICISM AS PROMOTING ANTI.pdf
ALTA, which represents the title insurance monopoly, is criticized for promoting anti-consumer and anti-
competition rhetoric to protect its monopoly. The document discusses how ALTA denigrates consumer choice in
mortgage closing services and alternatives to title insurance. It notes that while the title insurance industry made
$26 billion in 2021, it paid out less than 3% in claims, and that 75% of land title searches found clean title
rendering insurance unnecessary. The document argues that alternatives like attorney opinion letters authorized
by Fannie Mae and Freddie Mac provide valuable lower-cost options for consumers, and that ALTA's rhetoric
claiming such alternatives threaten the industry lacks merit.
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The document discusses the title insurance industry and the potential for disruption. It notes that the title insurance industry is dominated by 5 companies that control 85% of the market and offer essentially the same product and pricing due to state regulations. This lack of competition and innovation leaves the industry ripe for disruption from new technologies and business models that could provide more efficient and affordable title services. The high costs and profits of the existing title insurance model are spent maintaining an outdated business model despite most residential properties having clear titles not requiring insurance.
Title Insurance Disruption
The document discusses the title insurance industry and the potential for disruption. It notes that the title insurance industry is dominated by 5 companies that control 85% of the market and offer essentially the same product and pricing due to state regulations. This limits consumer choice. The industry also faces legal issues over kickbacks and relies on an outdated business model. The title insurance industry is ripe for disruption from new technologies, government programs, and innovative insurance alternatives that could make the product unnecessary for many and provide more options.
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iTitleTransfer Introduces Anti-Monopoly and Pro-Costumer Choice "Alternative to Title Insurance" for a Third of the Closing Cost, Authorized by Fannie Mae and Freddie Mac, utilizing Real Estate Attorney Opinion Letters.
Investors Face Disruption Title Industry.pdf
As alternatives to the old-school method of monopoly-required title insurance are developed by PropTech firm iTitleTransfer, Blockchain, Smart Contracts and AI, investors in title insurance are facing disruption,
iTitleTransfer Introduces Attorney Opinion Letter Closing Platform
The document discusses alternatives to traditional title insurance that are gaining acceptance from Fannie Mae and Freddie Mac (GSEs). It notes that a small number of large corporations control nearly 90% of the $26 billion title insurance market with low 3% claims rates. A new company, iTitleTransfer, provides a GSE-compliant closing alternative called an Attorney Opinion Letter as part of its low-cost "iClosing Platform", which aims to provide more consumer choice and efficient closings.
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ALTA has doubled down on rhetoric and disinformation in an attempt to prevent competition in the title insurance industry and protect its monopoly. Providers of GSE-compliant attorney opinion letters (AOLs) offer a safe, reliable, and low-cost alternative to title insurance, saving consumers up to 65% of closing costs. However, ALTA has demonstrated desperation to eliminate this alternative, evidenced by false and misleading political statements designed to undermine AOLs. ALTA recruited two members of Congress to pressure federal agencies to remove the GSEs' authorization of AOLs, even though the GSEs are focused on introducing competition to benefit consumers in the multi-trillion dollar real estate market.
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The document discusses title insurance and alternatives such as attorney opinion letters (AOLs). It argues that the title insurance industry lobby group ALTA is working to protect the title insurance monopoly and deny consumer choice. ALTA is lobbying Congress to pressure Fannie Mae and Freddie Mac to stop accepting AOLs as an alternative to title insurance. The document claims title insurance costs consumers billions each year but pays out very few claims. It supports giving consumers the choice to use lower cost alternatives like AOLs for mortgage closings rather than expensive title insurance.
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The document discusses the title insurance industry's opposition to attorney opinion letters (AOL) as an alternative to title insurance. It argues that the title insurance trade association ALTA lobbies against AOL acceptance in order to protect the title insurance monopoly. Leading mortgage lenders have embraced the lower-cost AOL option, but ALTA executives are now lobbying Congress to pressure agencies to reject AOL. The document criticizes arguments made by title industry representatives against AOL, saying they inaccurately compare AOL to full title insurance policies and ignore the high profits and low claims costs of the title insurance industry. It supports consumer choice and alternatives to the costly title insurance monopoly.
ALTA RHETORIC DRAWS CRITICISM AS PROMOTING ANTI.pdf
ALTA, which represents the title insurance monopoly, is criticized for promoting anti-consumer and anti-
competition rhetoric to protect its monopoly. The document outlines how the title insurance industry generates
billions in revenue while paying out low claims percentages. It also notes that Freddie Mac and Fannie Mae now
allow for lower-cost alternatives like attorney opinion letters. The document argues that ALTA spreads propaganda
against alternatives to title insurance to protect its monopoly, though consumers and lenders deserve choice in
closing services.
ALTA RHETORIC DRAWS CRITICISM AS PROMOTING ANTI.pdf
ALTA, which represents the title insurance monopoly, is criticized for promoting anti-consumer and anti-
competition rhetoric to protect its monopoly. The document discusses how ALTA denigrates consumer choice in
mortgage closing services and alternatives to title insurance. It notes that while the title insurance industry made
$26 billion in 2021, it paid out less than 3% in claims, and that 75% of land title searches found clean title
rendering insurance unnecessary. The document argues that alternatives like attorney opinion letters authorized
by Fannie Mae and Freddie Mac provide valuable lower-cost options for consumers, and that ALTA's rhetoric
claiming such alternatives threaten the industry lacks merit.
Investors Face Disruption to the Title iInsurance Industry
The document discusses the title insurance industry and the potential for disruption. It notes that the title insurance industry is dominated by 5 companies that control 85% of the market and offer essentially the same product and pricing due to state regulations. This lack of competition and innovation leaves the industry ripe for disruption from new technologies and business models that could provide more efficient and affordable title services. The high costs and profits of the existing title insurance model are spent maintaining an outdated business model despite most residential properties having clear titles not requiring insurance.
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The document discusses the title insurance industry and the potential for disruption. It notes that the title insurance industry is dominated by 5 companies that control 85% of the market and offer essentially the same product and pricing due to state regulations. This limits consumer choice. The industry also faces legal issues over kickbacks and relies on an outdated business model. The title insurance industry is ripe for disruption from new technologies, government programs, and innovative insurance alternatives that could make the product unnecessary for many and provide more options.
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iTitleTransfer Introduces Anti-Monopoly and Pro-Costumer Choice "Alternative to Title Insurance" for a Third of the Closing Cost, Authorized by Fannie Mae and Freddie Mac, utilizing Real Estate Attorney Opinion Letters.
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As alternatives to the old-school method of monopoly-required title insurance are developed by PropTech firm iTitleTransfer, Blockchain, Smart Contracts and AI, investors in title insurance are facing disruption,
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The document discusses alternatives to traditional title insurance that are gaining acceptance from Fannie Mae and Freddie Mac (GSEs). It notes that a small number of large corporations control nearly 90% of the $26 billion title insurance market with low 3% claims rates. A new company, iTitleTransfer, provides a GSE-compliant closing alternative called an Attorney Opinion Letter as part of its low-cost "iClosing Platform", which aims to provide more consumer choice and efficient closings.
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- 35% said the internet was the most important information source when buying their first vehicle. Friends/family also had strong influence.
- Over 1/4 entered the market because their previous hand-me-down vehicle was no longer operable. Nearly 1/5 did so because they reached driving age.
- Top considerations for first-time buyers were monthly payment amount and dealer treatment. Half financed through dealerships and 1/3 through banks.
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- The developer will provide the upfront capital and guarantee the landowner a 12% annual return on their land value, plus the option to pull out before construction begins.
- The proposed project is a 4-story apartment building with 24 affordable units and ground floor retail, utilizing modular construction.
- The developer analyzes market demand factors like population growth and the need for affordable housing. They also outline various funding sources like tax credits that could support the project.
- Risk factors like the economy, construction costs, and competition are addressed, along with strategies to mitigate risks
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ALTA has doubled down on rhetoric and disinformation in an attempt to prevent competition in the title insurance industry and protect its monopoly. Providers of GSE-compliant attorney opinion letters (AOLs) offer a safe, reliable, and low-cost alternative to title insurance, saving consumers up to 65% of closing costs. However, ALTA has demonstrated desperation to eliminate this alternative, evidenced by false and misleading political statements designed to undermine AOLs. ALTA recruited two members of Congress to pressure federal agencies to remove the GSEs' authorization of AOLs, even though the GSEs are focused on introducing competition to benefit consumers in the multi-trillion dollar real estate market.
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Real estate agents are seeking an attorney opinion letter as an alternative to title insurance for their customers that is safe, reliable and lower cost. They believe offering this option adds "consumer choice" to what they provide clients. The managing director of a company that provides these letters discussed this development.
iTitleTransfer Introduces America's Land Transfer Association
The American Loan Closing Association promotes membership to title agents, lenders, realtors and loan brokers by offering an ALCA rating which can help increase their market share. ALCA membership is based on advocating for title agencies and borrowers, providing education and experience, ensuring transactional insurance and transparency, using ALCA forms, and offering low-cost attorney-managed loan closings through their website.
iTitleTransfer Low-Cost Loan Closing Platform
iTitleTransfer provides title transfer services for iBuyers that reduce costs through utilizing public land registry data, warranty deeds, and certificates of ownership. This allows for quicker transfers of single family homes between consumer sellers and iBuyers. The services also include monitoring land registry for unauthorized ownership changes and lien filings. iTitleTransfer offers a lower-cost alternative to traditional title insurance through streamlining the transfer process.
iTitleTransfer GSE-Compliant Loan Closing Alternative
The document discusses a new loan closing platform called iTitleTransfer that provides an alternative to traditional title insurance for lenders and borrowers. It is the nation's first government-sponsored enterprise (GSE) compliant automated online (AOL) loan closing platform that allows for a low-cost closing process. The platform aims to offer a more affordable closing option compared to title insurance.
iTitleTransfer: Loan Brokers Gain Access to Attorney Opinion Letter
iTitleTransfer offers a loan closing platform that provides lenders, borrowers, sellers, and investors with GSE-compliant loan closings through an end-to-end process including document preparation, escrow, and eSigning. This platform gives loan brokers the ability to offer borrowers an alternative to overpriced title insurance through insured attorney opinion letters, reducing borrower loan closing costs. The platform handles the search, examination, curative services, and issues attorney opinion letters authorized by Fannie Mae and Freddie Mac to provide consumer choice and savings on costly title insurance.
iTitleTransfer: Less Is More
iTitleTransfer provides title transfer services for iBuyers that reduce costs through leveraging public land registry data and proprietary technology. This allows iBuyers to increase profits through lower holding costs and closing expenses. The services include examining public records, facilitating quick property transfers with warranty deeds, monitoring for unauthorized title changes, and providing legal opinions, as a lower-cost alternative to traditional title insurance.
iTitleTransfer: Lenders Gain Access to Attorney Opinion Letter
The document introduces iTitleTransfer's loan closing platform, which provides lenders with an end-to-end closing alternative that uses insured attorney opinion letters instead of title insurance. This reduces borrower loan closing costs and gives consumers more choice. The platform conducts loan closing activities like search and examination, document preparation, and eNotary and eSign. Fannie Mae and Freddie Mac have authorized the attorney opinion letters, which serve as an alternative to costly title insurance. Lenders that outsource closings to iTitleTransfer can provide borrower savings.
iTitleTransfer: Know Risk
iTitleTransfer understands how reducing residential real estate transfer costs through algorithm-driven home purchases can increase profits for iBuyers. It searches public land registry data to facilitate single-family home transfers between consumers and iBuyers using warranty deeds. iTitleTransfer also provides legal opinions and land registry monitoring during transfers as a lower-cost alternative to traditional title insurance, significantly reducing title transfer costs.
iTitleTransfer: Its About Time Consumers Have Choice
iTitleTransfer provides title transfer services for iBuyers that reduce costs through leveraging public land registry data and proprietary technology. This allows iBuyers to increase profits through lower holding costs and closing expenses. iTitleTransfer offers a legal opinion and land registry monitoring with each property transfer as an alternative to traditional title insurance that is faster and less expensive. The reduced title transfer costs enable iBuyers to optimize their real estate investment strategies.
iTitleTransfer Alternative to Title Insurance[
An online loan closing platform called iTitleTransfer provides a low-cost alternative to traditional title insurance closings for lenders and borrowers. It is the nation's first end-to-end electronic loan closing platform authorized by government-sponsored enterprises. The platform was founded by Theodore Sprink and offers contact information on its website at www.iTitleTransfer.com.
iTitleTransfer Alternative to Title Insurance.
An online loan closing platform called iTitleTransfer provides a low-cost alternative to traditional title insurance closings for lenders and borrowers. It is the nation's first end-to-end electronic loan closing platform authorized by government-sponsored enterprises. The platform was founded by Theodore Sprink and offers contact information on its website at www.iTitleTransfer.com.
iTitleTransfer: First GSE-Compliant AOL Loan Closing Platform
A new loan closing platform called iTitleTransfer aims to reduce borrower closing costs by providing an alternative to traditional title insurance. It is the nation's first digital platform that is compliant with guidelines set by government-sponsored enterprises like Fannie Mae and Freddie Mac. The platform allows lenders to offer lower-cost closing options for homeowners at www.iTitleTransfer.com.
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留信网认证的作用:
1:该专业认证可证明留学生真实身份
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- 1. The Nation’s First GSE-Compliant E2E Loan Closing Platform ALTA Doubles Down on Political Rhetoric and Dis-Information Strategy Viewed as Monopoly-Driven Anti-Competition and Restraint of Consumer Choice Opinion Essay by Theodore Sprink March 9, 2023 Title insurance industry revenue in 2021 was $26 Billion, dominated by a monopoly of four corporate conglomerates, paying less than 3% in consumer claims. The American Land Title Association (ALTA), the title industry’s lobbyist, published a report that 75% of land title searches reveal “clean title”, rendering title insurance unnecessary. The implication: There is no correlation between price and risk in the use of title insurance. And there exists a general view that a law suit is required to enforce title insurance coverage. In 2021 and 2022 Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac authorized Attorney Opinion Letters (AOLs), prepared by professional real estate lawyers, as an alternative to costly and often unnecessary title insurance. Mortgage Lenders requested the alternative. GSEs operate as a source of liquidity for mortgage lenders (Seller Banks), having purchased $1.3 Trillion in mortgage loans last year. Providers of the GSE-compliant AOLs provide a safe, reliable, low-cost disruption to the title insurance monopoly’s 100% market share, saving consumers up to 65% of closing costs. This is particularly important to DEI and first-time home buyers struggling to qualify and make monthly loan payments. In recent months ALTA has demonstrated desperation to prevent competition proposed by the GSE-authorized alternative, evidenced by political rhetoric, dis-information and falsehoods designed to denigrate AOLs. ALTA has demonstrated a frightening lack of understanding of the substance of current and popular AOLs. To propagate the monopoly, ALTA recruited two Congressmen (out of 535 members) to influence multiple Federal Agencies to eliminate the GSE-authorized alternative to title insurance. The GSEs are steadfast in their concern of a monopoly’s role in the multi-trillion- dollar real estate market, and ALTA’s repeated public statements to terminate competition, low cost, and consumer choice. Several days ago, ALTA foisted a new concept on the public; that GSEs exceeded their “charter” in advocating competition, low-cost and consumer choice. This ill-conceived strategy borders on the ridiculous. GSE Seller Guides already have FHA and HUD authority to accept AOLs in the underwriting and purchase of bank loans. Lenders and borrowers should look closely at AOLs, a safe, reliable, and low-cost alternative to title insurance. Theodore Sprink, Founder and Managing Director 866-494-3727 tsprink@iTitleTransfer.com www.iTitleTransfer.com