Atlanta, Georgia (PRWEB) June 09, 2015
TitleSave Agency, Inc. announced today that it is one of the first title agents in New York to pass American Land Title Association’s (ALTA) Best Practices compliance testing. TitleSave, a growing, Long Island-based title insurance agent, chose to be an ALTA Best Practices leader to demonstrate TitleSave’s commitment to lender customers as they implement effective third-party risk management procedures required by the Consumer Financial Protection Bureau. TitleSave Agency understands the importance and impact of the regulatory changes that are occurring within the title industry and is dedicated to staying at the forefront of compliance.
A recent survey conducted by HA&W’s ComplianceSuccess Program of title and settlement professionals found that large companies are six times more likely than other companies to have started the process of becoming compliant with ALTA Best Practices pillars. “TitleSave is leading the way among agents by stepping up and getting compliant with ALTA Best Practices, and we expect to see a wave of companies of similar size follow suit as financial institutions like Wells Fargo, Suntrust and BancorpSouth have begun to announce their compliance guidelines for third-party partners,” said Lee Fields, managing director of Business Consulting Services at HA&W.
“Partnering with a CPA firm to get compliant with ALTA Best Practices provides lenders, attorneys and my other clients with a greater level of assurance than working with other companies providing ALTA Best Practices certifications today,” said Stephen Woods, president of TitleSave Agency. “Financial institutions already trust, and are familiar with, the professional standards and reports provided by CPAs. For us, the decision to work with HA&W’s ComplianceSuccess Program was an easy one.”
HA&W, through its ComplianceSuccess Program, is the leading CPA firm in the nation to perform ALTA Best Practices compliance benchmarking and assurance reporting services. The program provides title and settlement professionals with comprehensive testing and reporting options, from an assessment of the current level of compliance to CPA attestation reporting through a review or examination engagement, across all seven ALTA Best Practices pillars.
For more information about HA&W’s ComplianceSuccess Program, visit http://www.compliancesuccess.com or call 770-353-5318.
HA&W is the first CPA firm in the nation to perform ALTA Best Practices compliance benchmarking and assurance reporting services through its ComplianceSuccess Program. HA&W's ComplianceSuccess Program provides independent third-party assurance using CPA professional standards on attestation reporting, trusted by banking and financial institutions. Our fast track approach will assess your current level of compliance and provide you with a remediation plan in three to five business days. In addition, HA&W performs compliance attestation services to verify compliance and will provide you with a CPA attestation report so that you can demonstrate compliance to lenders. Our process delivers the best price point to achieve compliance, offering complete compliance benchmarking and reporting across all seven ALTA Best Practices pillars. To ensure our ComplianceSuccess Program is in lock step with industry standards and requirements, HA&W is actively involved at the highest level with ALTA, the AICPA and the Mortgage Bankers Association.