Open Forum

 View Only

EP 74: FinCEN Reporting Rule Delayed: What Independent Title Agents Need to Do Now

  • 1.  EP 74: FinCEN Reporting Rule Delayed: What Independent Title Agents Need to Do Now

    Posted 12 hours ago

    The federal government just changed real estate transparency rules—again.
    In this episode, Crosby and Zina unpack the long-anticipated shift from temporary Geographic Targeting Orders (GTOs) to a permanent nationwide reporting mandate from FinCEN. Under the new rule, title companies must collect, verify, and store beneficial ownership information (BOI) for all-cash residential transactions across the U.S.

    They walk through the revised timeline, why implementation was delayed, and the five critical steps every title company must complete before the 2026 rollout.


    🎧 Listen to the episode here:

    👉 [Episode]


    What you’ll learn from this episode

    • Why title companies—not lenders—carry the full compliance burden

    • The updated definition of “beneficial owner” and what qualifies as “substantial control”

    • A 5-step blueprint to prepare your team and avoid compliance penalties

    • How to address client privacy concerns while building trust through transparency

    • What tools underwriters and software platforms are creating to automate filings


    Resources mentioned in this episode

    • FinCEN

    • ALTA

    • FinCEN BSA E-Filing System

    • Qualia

    • ResWare


    Connect With Us

    Love what you're hearing? Don’t miss an episode—follow us and stay connected.



    -------------------------------------------


    ------------------------------
    Mo Choumil
    CEO
    Alltech National Title
    ------------------------------
    ALTA Marketplace