Crabtree Law Group Achieves ALTA Best Practices Certification
March 8, 2016
The Crabtree Law Group PA, a regional title and settlement services provider based in Jacksonville, Fla., recently achieved compliance with ALTA’s “Title Insurance and Settlement Company Best Practices."
The Crabtree Law Group chose to pursue certification due to new Consumer Financial Protection Bureau regulations regarding compliance.
According to Zachary Crabtree, attorney of the Crabtree Law Group, “It is only a matter of time before lenders require certification from their settlement agents and title companies. The Crabtree Law Group wants to stay ahead of the curve. By achieving certification, we can assure our clients and customers that we are fully compliant with ALTA’s Best Practices, which provides them peace of mind when it comes to their real estate transactions and title insurance.”
As regulators have recently increased their demands for protective measures throughout title and settlement procedures, ALTA created the Best Practices Framework to help title and settlement agents prepare policies and procedures to protect lenders and consumers. Best Practices certification comes after a third-party assessment covering all areas of title and settlement services, including licensing, escrow trust accounting controls, privacy and information security, written policies and procedures, liability and fidelity insurance confirmation, and guidelines for customer relationship management.
The Crabtree Law Group enlisted the assistance of national certified public accounting and management consulting firm PYA (Pershing Yoakley & Associates PC), an ALTA Elite Provider of Best Practices services.
Contact ALTA at 202-296-3671 or [email protected].