Consumer Alliance [CRESPA™]
The Consumer Real Estate Settlement Protection Alliance [CRESPA™] is
an alliance of “Main Street” settlement services providers — title insurance
agents, attorneys, loan originators, real estate agents and brokers — who
conduct business in allegiance with Five Star Best Practices:
- Regulatory Compliance
- Professional Ethics
- Extreme Customer Care
- Intra-Industry Cooperation
- Commitment to Personal Excellence
CRESPA™ Members own or work for small [some would say “micro”] businesses
operating in “national neighborhoods” throughout the United States. Many
lost their jobs and/or shuttered the doors of their local community businesses
during the recession… at the same time Wall Street providers, considered
“too big to fail” were bailed out by taxpayers.
Shared knowledge enables people to take a risk to expand an idea and
to venture to a new horizon.
Five Star Best Practices — CRESPA™ Members
- Regulatory Compliance
CRESPA™ Members support
enhanced regulatory enforcement that protects consumers –even when left
to shoulder the bulk of the economic impact of implementing and supporting
new and/or revised industry regulations.
- Professional Ethics
CRESPA™ Members go beyond
complying with the letter of the law; they wholeheartedly embrace the
spirit of the law. They do the right thing because it is the right thing
to do. Professional ethics emanate from personal values such as honesty,
integrity, equity and fairness. CRESPA™ Members know that character
is what one does when no one else is looking.
- Extreme Customer Care
CRESPA™ Members understand
that, if consumers pursuing the American Dream of homeownership are
to be protected in the future, Main Street providers must repopulate
our national neighborhoods and, collectively, work together to ensure
that consumers are well informed and transactionally supported by honest,
ethical business professionals.
- Intra-Industry Cooperation
CRESPA™ Members understand
the importance of working with other settlement services providers,
so as to provide consumers a simple, seamless settlement experience.
CRESPA™ promotes an all-inclusive membership of Main Street [small business]
title insurance agents, attorneys, loan originators, real estate agents
and brokers in addition to community banks, credit unions, and state-based
and small regional title insurers.
- Commitment to Personal Excellence
CRESPA™ Members
understand that education is the cornerstone of personal and professional
excellence. As such, they are lifelong learners. CRESPA™ Members are
required to complete a series of CRESPA™ sponsored regulatory compliance
and professional ethics courses which are designed to ensure that Members
are, literally, on-the-same-page with respect to their overall understanding
and implementation of new and revised industry laws and regulations,
regardless of their specific industry focus.