Lawyer’s Escrow Service, Inc., a regional title and settlement services provider based in Nashville and Mt. Juliet, Tennessee, recently achieved compliance with title industry Best Practices as set forth by the American Land Title Association (ALTA).
Lawyer’s Escrow Service, Inc., is now part of the elite, but continually growing, group of ALTA Best Practices certified companies. With this certification, Lawyer’s Escrow Service, Inc., has proven its continued commitment, not only to regulators and lenders, but to all consumers, ensuring a positive and compliant real estate settlement experience.
According to Jill Connors, vice president of Lawyer’s Escrow Service, Inc., “Receiving certification ensures that our company, customers, and stakeholders can take additional comfort in the knowledge that we’ve submitted to, and successfully passed, a rigorous, independent third-party certification by a highly qualified audit organization. Furthermore, it increases the level of trust that the individuals and companies doing business with us can place in the quality of our compliance policies and practices.”
National certified public accounting and management consulting firm PYA (Pershing Yoakley & Associates, P.C.), ALTA’s first Elite Provider of Best Practices assessments, provided the third-party assessment and certification services for Lawyer’s Escrow Service, Inc.
Connors said, “PYA provided thorough, comprehensive testing to ensure compliance with ALTA Best Practices across all phases of business operations, with excellent guidance on required information for submission and interactive tools for secure online submission of required information. We felt the certification process provided by PYA was rigorous, thorough, and fair in all respects.”
In order to ensure the protection of consumers’ non-public personal information, regulators have increased the demand for protective measures throughout title and settlement procedures. Due to this oversight, lenders are reviewing their relationships with service providers and becoming more sensitive to the types of companies with which they do business. To help meet this need, ALTA created the Best Practices Framework to help title and settlement agents prepare policies and procedures to protect lenders and consumers.
Connors explained, “We felt it was important to obtain independent testing and verification of our ALTA Best Practices compliance policies and procedures for the sake of ensuring delivery of the best services possible for our customers, as well as to meet the needs of lenders and other process stakeholders for independent third-party certification of our compliance with ALTA Best Practices and CFPB Regulations.”
Visit the Lawyer’s Escrow Service, Inc., website, www.lawyersescrow.com, to learn more.
For questions regarding the Best Practices Framework, visit the ALTA website at www.alta.org/bestpractices.
About Lawyer’s Escrow Service, Inc.
Lawyer’s Escrow Service, Inc. (LES) is a Nashville, Tennessee-based full-service title, settlement, and escrow company serving Davidson and surrounding counties in Tennessee continuously since 1975. LES is a trusted provider of title insurance via Stewart Title Guaranty Company and is affiliated with the law firm of Bennett & Pressley, P.C. to ensure the ability to provide a full array of real estate transaction related services.