Letter from CLTA's President, Steve Tjaden
Tuesday, July 19, 2016
I am extremely honored and proud to accept this year’s appointment as President of the CLTA. I would like to thank Ed Lorette for his outstanding leadership over the past year.
I became a member of the Board of Governors for CLTA in 2008. I continue to learn a ton from my peers on the board - folks like Don Partington at the Fidelity Family of Companies, Dan Buchanan at First American, Rich Macaluso at Orange Coast Title, Pat Laffin at Placer Title and others who always take the time to explain an issue and offer solutions. I truly want to express my thanks to the Board of Governors for your faith in me and I will do my best to be a good steward for CLTA.
Thanks to all the member companies for their support of their employee’s time to assist on committees for the CLTA. This is a powerful trade association and it is the work of all the individuals on the various committees that keeps us vital and up to date.
As we all know, the backbone of CLTA is the tremendous staff: Craig Page, Anthony Helton, Cynthia Groom and Heather Starkey. They are the terrific team behind the scenes that make our trade association the smooth operating machine it is today. I will be leaning on them heavily for direction, insight and wisdom in the coming year.
For 109 years the CLTA has helped guide its member companies through mountains of legislation and regulatory actions, always with an eye to protecting the integrity of the title insurance industry. This new year will be no less problematic as we face the new challenges coming our way.
So where do I see our challenges coming into the new year? There are three key areas:
- Ongoing regulatory pressure from the CFPB
- The ever present, ongoing state regulatory pressures from the CDI
- New pressures from the US Department of Treasury (FinCen) in an attempt to fold our industry under the same level of scrutiny as the banking industry
While CLTA will remain vigilant in the ongoing monitoring of these pressures and others unknown at this time, I think this is the year where we can begin to focus on bridging a stronger relationship with the California Association of Realtors.
So once again, please accept my gratitude for the faith placed in me as your incoming President for CLTA. I will do my best to uphold the spirit of this office and live up to the excellence of our past leaders.