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

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Nationally certified public accounting and consulting firm PYA (Pershing Yoakley & Associates) announces release of a Best Practices Gap Analysis Tool™ and Best Practices Readiness Tool™ to assist title and settlement agents in navigating American Land Title Association (ALTA) Best Practices implementation.

Nationally certified public accounting and consulting firm PYA (Pershing Yoakley & Associates) announces release of a Best Practices Gap Analysis Tool™ and Best Practices Readiness Tool™ to assist title and settlement agents in navigating American Land Ti

PYA's Best Practices Gap Analysis Tool™ and Best Practices Readiness Tool™

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, ALTA’s first Elite Provider of Best Practices services, has announced two new on-line tools which make it easier for title and settlement agents as they work toward ALTA Best Practices implementation and compliance. 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.

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About PYA

For over three decades, Pershing Yoakley & Associates (PYA), a national professional services firm providing management consulting and accounting, has helped its clients navigate and derive value amid complex challenges. In addition to serving the healthcare and financial institutions industries, PYA serves the title industry with a comprehensive list of offerings, including: ALTA Best Practices implementation and assessment; strategic planning; mergers and acquisitions; tax compliance; and regulatory compliance.

PYA’s steadfast commitment to an unwavering client-centric culture has served the firm’s clients well. PYA is ranked 103rd by INSIDE Public Accounting’s “Top 200” Largest Accounting Firms. PYA affiliate companies offer clients world-class data analytics, professional real estate development and advisory resources, self-insured employer health insurance claims audits for Fortune 500 companies, wealth management and retirement plan administration, and business transitions consulting.

For more information, please visit http://www.pyabestpractices.com/

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Ed Pershing

Ed Pershing
PYA
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