Luxe Title Services Achieves ALTA Best Practices Certification
July 12, 2016
Luxe Title Services, a regional title and settlement services provider based in St. Petersburg, Florida, recently achieved compliance with ALTA’s Title Insurance and Settlement Company Best Practices.
According to Amy Moran, escrow officer and licensed title agent of Luxe Title Services, “We chose to pursue the certification process because we wanted to ensure that we are working in compliance with ALTA Best Practices. Certification addresses each of the seven pillars of Best Practices as outlined by ALTA. Achieving certification allows us to demonstrate our commitment to operating with the highest standards of quality in every aspect of our business.”
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 licensing, escrow trust accounting controls, privacy and information security, written policies and procedures, liability and fidelity insurance confirmation, and guidelines for customer relationship management.
Luxe Title Services 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.
“Luxe Title Services joins a limited list of title companies that have achieved completion of a rigorous certification. We expect this certification will allow us to grow our services and better serve our associates and the real estate community," said Robert Glaser, president and CEO of Luxe Title Services.
Contact ALTA at 202-296-3671 or [email protected].