LenderSecure Webinar to Help Real Estate Title and Settlement Industry Handle New Lender Requirements and Compliance Issues

May 21, 2014

Monica Hutton

Best Practices Boot Camp to Cover Data, Document and Dollar Security;

Panel to Include Security and Compliance Experts from Real Estate Data Shield, RynohLive and DataMotion

 
FLORHAM PARK, N.J. – May 21, 2014 – DataMotion (www.datamotion.com), an email encryption provider with more than 15 years of experience serving organizations that handle sensitive information, today announced participation in a Best Practices Boot Camp webinar on May 28th. Sponsored by LenderSecure™ and titled “Protecting Data, Documents & Dollars,” the event will help real estate industry professionals understand and follow best practices recently introduced by the American Land Title Association (ALTA) to satisfy new lender requirements, and demonstrate to title underwriters’ and regulators ongoing compliance and safeguards of their data, documents and dollars.

Joining DataMotion will be renown subject matter experts from Real Estate Data Shield, providers of the industry’s first and best-in-class security compliance solutions, and RynohLive, a financial management and fraud prevention system optimized for the real estate settlement industry.

Panelists include the following:

  • Christopher Gulotta, CEO and Founder of Real Estate Data Shield
  • Richard Reass, CEO and founder of RynohLive, Reliant Title and Segnin Software
  • Bud Walder, Vice President of Marketing for DataMotion

Specific best practices discussed during the event will cover:

  • Data Security: Including an overview of essential safeguards critical to protecting clients’ sensitive information.
  • Document Security: How to protect Non-public Personal Information (NPPI) on data and documents in motion using email encryption technology
  • Dollar Security: How to protect and manage escrow accounts from fraud, errors and more.

“It’s no longer about just ‘closing the deal,’” said Real Estate Data Shield CEO and Founder, Christopher Gulotta. “Bank regulators are requiring lenders to ensure they are compliant with Federal Consumer Protection & Privacy laws and regulations. So, the question is, with the annual cost to ensure compliance equal to only a few closed units, can industry professionals and organizations afford not to comply?”

“Nothing undermines a business in our industry more than losing the trust of customers, and there are a lot of threats that have the potential to do just that,” noted the CEO and Founder of RynohLive, Richard Reass. “From being aware of the sophisticated scams constantly emerging to keeping abreast of new technology and regulatory developments, organizations need to take action now to protect customers and themselves.”

“Data breaches are increasingly common across many industries and real estate settlement is not immune,” said DataMotion’s Vice President of Marketing, Bud Walder. “The fallout from a breach can result in substantial regulatory fines and a damaged reputation that can severely impact a company’s bottom line and future. Threats can be mitigated and controlled much more easily if measures to protect NPPI are in place. That is where understanding and following ALTA best practices can really help.”

LenderSecure’s Best Practices Boot Camp – “Protecting Data, Documents & Dollars” – will take place on May 28th from 2:00 to 3:00 pm ET. Attendees will also receive a white paper, “Six Steps to Total Escrow Security,” and a recording of the webinar. For more information or to register for the live webinar, please visit: http://lendersecure.com/best-practices-boot-camp-webinar.

About DataMotion

DataMotion enables organizations to dramatically reduce the cost and complexity of delivering electronic information to employees, customers and partners in a secure and compliant way. The company’s easy-to-use solutions for secure email, file transfer, forms processing and customer contact leverage the DataMotion Platform for unified data delivery. In 2012, DataMotion expanded operations as a health information service provider (HISP) with its DataMotion Direct secure messaging service, allowing healthcare organizations to meet emerging Meaningful Use Stage 2 (MU2) requirements. Millions of users worldwide rely on DataMotion to transparently improve business processes and reduce costs, while mitigating security and compliance risk. DataMotion is privately held and based in Florham Park, N.J. For the latest news and updates on DataMotion, visit www.datamotion.com, like DataMotion, Inc. on Facebook® or follow DataMotion on Twitter® @datamotion.

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Media Contacts:

Monica Hutton
DataMotion, Inc.
(973) 455-1245 x510
monicah@datamotion.com

Marty Querzoli
Davies Murphy Group
(781) 418-2433
datamotion@daviesmurphy.com

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