TitleOne Achieves ALTA Best Practices Certification
January 12, 2016
TitleOne Corp. announced it has received certification from a third-party auditing firm that the title company is in compliance with ALTA’s Title Insurance and Settlement Company Best Practices.
Certification to ALTA’s Best Practices demonstrates that settlement and title service providers have internal procedures and policies in place to protect lenders and consumers, while ensuring a positive and compliant real estate settlement experience.
“Consumers and lenders should seek out title companies that have met or exceeded best practices in the industry as evidenced by a certification in ALTA’s Best Practices Framework,” said Vicki White, senior vice president of culture and quality at TitleOne. “This ensures consumers the best protection possible in regards to their private and confidential information. TitleOne’s compliance and certification is based on an independent assessment performed by a certified public accounting firm. Although, it’s an extra step in the process, CPA assessments provide more assurance to banks and other lenders than self-certification.”
TitleOne said it achieved ALTA compliance by investing heavily in technology and security upgrades as well as ongoing employee training in advanced internal processes that target the importance of protecting consumers’ personally identifiable information.
“Meeting the standards for ALTA certification is voluntary, so very few title companies will invest the time or resources in the processes,” White said. “Protecting our customer information is a top priority at TitleOne, hence, we have spent two years enhancing our policies and systems, and we have made substantial financial investments in this effort.”
Contact ALTA at 202-296-3671 or [email protected].