Notary Direct Nationwide LLC, a national signing service provider based in Huntington Beach, Calif., and St. Augustine, Fla., recently became certified in accordance with American Land Title Association’s Title Insurance and Settlement Company Best Practices.
National Certified Public Accounting and consulting firm Pershing, Yoakley & Associates (PYA) provided the assessment and certification.
“With the new regulations and requirements that our clients are facing, we wanted to assist in any way possible,” said Shannon Seitzinger, president of Notary Direct Nationwide. “We felt that not having to struggle with third-party oversight was a great start. We are proud to present this certification as a sign of our commitment to adhering to all Best Practices policies and procedures. We chose PYA because they are one of the first qualified firms to offer a rigorous certification process and because of their experience working with ALTA’s Best Practices and CFPB regulations.”
Regulators’ increased demand to protect consumers has forced lenders to adjust their relationships with service providers and be more sensitive to the types of companies they do business with. To help meet this need, ALTA created the Best Practices framework to help members highlight policies and procedures the industry exercises to protect lenders and consumers. The third pillar of ALTA’s Best Practices focuses on data security and the protection of the consumer’s nonpublic information (NPI), in accordance with the mandates of the Gramm-Leach-Bliley Act.
“Lenders are now responsible for the actions of all third party vendors,” said Michelle Jacobson, chief compliance officer of Notary Direct. “Notary Direct Nationwide had the required infrastructure in place to meet the ALTA Best Practices applied to lenders and title companies as relates to a signing service. With the guidance of PYA, we were able to meet expectations, obtain the certification and know that we remain ahead of the curve regarding regulatory requirements. Notary Direct Nationwide is positioned to be an exceptional partner to our clients and ensure those responsibilities are consistently met.”