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News on Best Practices
May 5, 2016 ALTA Announces SMS as an Elite Provider
ALTA’s Elite Provider Program is comprised of premier service providers committed to offering comprehensive benefits to the title insurance and settlement services industry.
May 5, 2016 Vendor Liability: Managing Your Partners
Title and settlement companies must meet lender requirements and understand the importance of monitoring downstream providers. Since the development of ALTA’s Best Practices, numerous large and community-based lending institutions have incorporated the policies and procedures into their vendor management protocols. Despite progress, lenders are confused about the bureau’s expectations for third-party management. To help alleviate this confusion and provide necessary clarity to the marketplace, ALTA has identified four actions the CFPB can take to help supervised entities and service providers better understand what constitutes a sufficient vendor management program.
May 3, 2016 Morris, Manning & Martin Earns ALTA Best Practices Certification
Nationally certified public accounting firm Frazier and Deeter LLC, an ALTA Elite Provider of Best Practices services, provided the third-party assessment and certification services for Morris, Manning & Martin.
April 21, 2016 Tennessee Firm Burns, Henry & Kirksey Achieves ALTA Best Practices Certification
The company enlisted the assistance of national certified public accounting and management consulting firm PYA (Pershing Yoakley & Associates PC), an ALTA Elite Provider of Best Practices assessments, to perform the third-party assessment and certification.
April 21, 2016 Passport Title Services Offers SSAE 16 SOC 2 Compliant Technology Platform
Through a partnership model, Passport Title provides settlement processing, support operations, agency and compliance functions to title agents, helping them achieve greater business success as part of a larger entity than they would alone, according to John R. H. Cotter, the company's president and CEO.
April 19, 2016 Lawyer’s Escrow Service Receives ALTA Best Practices Certification
National certified public accounting and management consulting firm PYA provided the third-party assessment and certification services Tennessee-based Lawyer’s Escrow Service.
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