Benchmark Title Receives Certification to ALTA Best Practices
August 11, 2015
Benchmark Title Company LLC received certification in accordance with theALTA's “Title Insurance and Settlement Company Best Practices.” National Certified Public Accounting and consulting firm Pershing, Yoakley & Associates (PYA) undertook the assessment and issued the certification.
“Many title insurance and settlement companies claim to be ‘certified,’ but many of these certifications are either self proclaimed or provided by third parties that lack the credentials of a National accounting firm” said Michelle Null, vice president at Benchmark Title. “We felt it was important to work with a National accounting firm who had a thorough understanding of the ALTA Best Practices and CFPB regulations.”
Increased regulatory demands have forced lenders to evaluate their relationships with service providers. To help meet this need, ALTA created the Best Practices framework to help highlight policies and procedures the title and closing industry exercises to protect lenders and consumers, while ensuring a positive and compliant real estate experience.
The Best Practices certification, which is good for two years, established that the firm is adhering to documented operational policies and procedures that reflect compliance with all of the ALTA best practices.
Contact ALTA at 202-296-3671 or [email protected].