Law Firm White Paper Analyzes Insured Attorney Opinion Letters as Alternative to Title Insurance [Yahoo! Finance]
Federal National Mortgage Association (FNMA)
NASDAQ:AMEX Investor Relations:
fanniemae.com/portal/about-fm/investor-relations/index.html
Company Research
Source: Yahoo! Finance
IRVING, Texas, July 02, 2024 (GLOBE NEWSWIRE) -- Alita Group , a technology firm focused on reducing the cost of homeownership with innovative alternative solutions for the mortgage industry, is pleased to announce the availability of AOLPro™, its flagship platform. This SaaS solution enables title providers to produce insured attorney opinion letters (AOLs) with efficiency and scale, providing an affordable alternative to title insurance for consumers and mortgage lenders nationwide. In response to continuing scrutiny from the title insurance industry, Bradley Arant Boult Cummings LLP (“Bradley”), a prominent national law firm specializing in the financial services sector, has released a white paper analyzing the efficacy of insured AOLs, particularly Alita's AOLPro as an alternative to title insurance in the modern mortgage market. Bradley asserts, “the AOLPro wrapped with the MSP E&O policy and coupled with a closing protection letter does address significant title-related risks
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FNMA
Sec Filings
- 6/13/24 - Form 8-K
- 5/20/24 - Form 3
- 5/14/24 - Form 3
- FNMA's page on the SEC website