Briley & Deal Achieves ALTA Best Practices Certification
April 7, 2016
Briley & Deal, a regional title and settlement services provider based in Jacksonville Beach, Fla., recently achieved compliance with ALTA’s Title Insurance and Settlement Company Best Practices.
Briley & Deal chose to pursue certification to demonstrate to clients and competitors its adherence to the highest standards within the title services industry. Achieving ALTA Best Practices certification affords the firm the opportunity to assure clients that its compliance has been reviewed and certified by an independent audit company, Briley & Deal said in a release.
As regulators have recently increased their demands for protective measures throughout title and settlement procedures, ALTA created its Best Practices 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.
Briley & Deal enlisted the assistance of national certified public accounting and management consulting firm PYA (Pershing Yoakley & Associates, P.C.), an ALTA Elite Provider of Best Practices services, to perform the third-party assessment and certification.
“The certification process was rigorous yet fair, and we feel that our firm now is prepared for and compliant with the new TRID and CFPB regulations,” said Blake Deal, managing partner of Briley & Deal.
Contact ALTA at 202-296-3671 or [email protected].