PYA Releases Online Tools to Gauge ALTA Best Practices Readiness and Compliance

January 7, 2016

Pershing Yoakley & Associates (PYA), an Elite Provider of ALTA’s Title Insurance and Settlement Company Best Practices, announced two new online tools to help title and settlement agents work toward Best Practices implementation and compliance. According to PYA, each tool assists agents in preparing to demonstrate to lenders that their agencies are compliant with ALTA Best Practices.

The PYA Best Practices Gap Tool provides agents the opportunity to confirm that their policies and procedures are ALTA Best Practices compliant. This tool allows agents to upload their policies and procedures and receive an evaluation from PYA’s ALTA Best Practices Services Group within two business days. This evaluation is designed to identify gaps in agents’ policies and procedures that would not be compliant with ALTA’s Best Practices Framework.

The PYA Best Practices Readiness Tool consists of a brief questionnaire for title and settlement agents regarding their Best Practices implementation progress to help determine if they are ready for a third-party assessment. Upon completion, the questionnaire generates immediate progress feedback associated with each Best Practices “pillar” to gauge relative readiness.  Within a few business days, PYA will contact each agent to discuss how areas of deficiency can be addressed while the agency prepares for its assessment.

“Both tools were developed to provide an easier solution for those contemplating how best to approach ALTA Best Practices compliance,” said Matthew Rekers, PYA’s director of ALTA Best Practices Services Group. “PYA created these tools to make it convenient for title industry agents to evaluate their individual policies and procedures, and to help them identify what areas might need additional work in order to be prepared for an assessment of compliance.”

PYA assists title companies with the development of policies and procedures consistent with ALTA’s Best Practices, implementation of ALTA’s Best Practices Framework into operational processes, pre-assessment, and certification.

The PYA Best Practices Gap Tool is complimentary for ALTA members, agents of several underwriters, and members of multiple state land title associations.  The PYA Best Practices Readiness Tool is complimentary for all agents.

Contact ALTA at 202-296-3671 or