ITG is excited to announce its streamlined “
750 Bright Line
” policy effective January 1, 2021. Participants and lenders currently experience confusion regarding ITG policies, as the associated thresholds for each policy vary significantly, regularly creating inadvertent results. In a continued effort to improve the title production process, ITG has aligned existing policies to:
(i) simplify use of the program for all stakeholders;
(ii) clarify ambiguities that currently cause delay and frustration; and
(iii) improve compliance oversight efficiency and risk mitigation strategies.
The following chart provides a policy change summary, as well as associated effective dates. A detailed description of each policy and form change can be found in the
June 2020 Policy Update Summary
We strongly encourage all participants and industry partners to thoroughly review the Policy Update Summary.