CRI can help you put your best ALTA Best Practices compliance foot forward.
For the last few years, title and settlement companies and those associated with settling residential mortgages for lenders (collectively herein “title agents”), have heard about the importance of implementing American Land Title Association (ALTA) Best Practices. Meanwhile, the Consumer Financial Protection Bureau (CFPB) enforces its mandate for lenders to monitor their title agents’ compliance with applicable federal consumer financial laws. This confluence of events has caused lenders to hit the starting blocks and focus on and request (or require) compliance evidence. The evidence can be as simple as a sprint to self-assessment or as complicated as a marathon to third-party certifications. Some lenders are disqualifying title agents from the race and from their “approved list” for lacking documented compliance.
Get a leg up in the ALTA Best Practices compliance race by allowing CRI to coach you through our Readiness Assessment, a warm-up that:
- assesses your race preparation,
- analyzes your stride and points out any gaps in your preparation, and
- coaches you with a specific remediation and race plan to become compliant.
The goal of the CRI Readiness Assessment is to help you avoid a false start. Once you’re in the blocks, we provide a compliance certification under the American Institute of Certified Public Accountants’ (AICPA’s) standards. We can help you with the dash of a review, the middle distances of an agreed-upon-procedures (AUP) engagement, or the long distance of an examination. Our goal is to help you find your form and most efficient mechanics during your third-party certification.
CRI, an ALTA Elite Provider and Fidelity National Title Group (FNTG) Preferred Provider, has industry-specific expertise led by our ALTA Best Practices team in 25+ markets to deliver a high level of responsiveness and accessibility designed to deliver a heightened client service experience. Let us help you find your stride.