ALTA Providers Form Affiliation to Offer Best Practices Compliance Solution

PYA, Real Estate Data Shield, and Security Compliance Associates have come together to offer the title and settlement industry a single-source compliance solution, Certification+, to satisfy regulatory and compliance requirements set forth in ALTA Best Practices and the Gramm-Leach-Bliley Act (GLBA.)  

PYA (Pershing Yoakley & Associates, P.C.), Real Estate Data Shield, and Security Compliance Associates have entered into an elite affiliation that offers real estate settlement service providers including title agents, settlement agents, attorneys, escrow companies, notaries, etc., the very first single-source compliance solution, which will be branded Certification+. These three American Land Title Association (ALTA) providers have come together to deliver a unique package of information technology, cyber security, education, and industry-specific compliance solutions.  The Certification+ brand will offer a discounted security and compliance bundled service aimed at satisfying the regulatory and compliance requirements for each of the seven pillars of ALTA’s Best Practices to meet both lender and regulator mandates.

Created by best-in-class solutions providers, Certification+ is poised to offer the most comprehensive compliance solution in the settlement industry.  “Our goal is to assist both lenders and service providers by streamlining the certification process with a bundled compliance package and single point of contact under an easily recognized brand name,” said Mike Shamblin, Managing Principal of Audit & Assurance Services with PYA.  “Certification+ is the brand that will deliver an unparalleled, lender-oriented certification package, which includes employee education, seven-pillar certification, and cyber/information security compliance,” commented Shamblin.

“As lenders, regulators, and title insurance underwriters escalate their certification requirements to ensure that personal information and settlement funds are secure, our companies have joined forces to make it easier for agents and attorneys to complete ALTA Best Practices certification while meeting GLBA compliance requirements,” said Chris Gulotta, CEO of Real Estate Data Shield.  “Offering a one-stop-shop for a suite of compliance services through industry-leading organizations makes sense for all industry stakeholders—from lenders, to service providers, and ultimately to consumers.  Our organizations had already been working together on common clients, so it was a natural progression to formalize our affiliation,” Gulotta said.

The Certification+ brand is affordable for both small and large settlement agents and law firms, and includes the following suite of services:

  • E-Learning Data Security Staff Training
  • Best Practices Assessment and Certification of Pillars No. 1 through 7
  • GLBA Gap Analysis and Compliance
  • Policy Templates
  • Internal/External Vulnerability Assessment and Penetration Testing… and more

“Our brands are the leading companies in the settlement arena, and we have each independently built our reputations on offering superior solutions that are competitively priced.  We are thrilled to offer an all-inclusive compliance package to the settlement market that ensures compliance, information and cyber security, and ultimately peace of mind for our clients,” commented Jim Brahm, CEO of Security Compliance Associates.

The leadership team from the Certification+ member companies serves on the ALTA Best Practices Task Force, Technology, Audit, Education, Membership, and Public Relations Committees. Members are frequently asked to speak at leading industry conferences on topics relating to Best Practices; cyber security; lender oversight; and federal and state information security laws, rules, and regulations.  In addition, many have executive-level experience as service providers, and have helped shape the Certification+ process and solution to meet the precise needs of lenders, title underwriters, and regulators, in a flexible manner that can be customized for clients of all sizes.

 

About Security Compliance Associates (SCA) www.scasecurity.com

SCA is the industry-leading assessment and certification provider for the Financial Institution Industry. SCA was formed in 2000 with over 14-years’ experience in delivering world-class IT information security assessment services throughout the United States.  SCA’s engineers have completed thousands of IT information security assessments nationwide, and our company employs numerous credentialed engineers and security compliance professionals to meet the increasing demand for IT information security compliance solutions.  Our engineers have over 100 years of combined IT information security experience including, but not limited to, NASA Mission Operations at Johnson Space Center, Department of Defense, and the National Intelligence Community.

SCA Contact: Jim Brahm, (877) 993-4472 

 

About Real Estate Data Shield www.realestatedatashield.com

Real Estate Data Shield (REDS) was the very first company to achieve ALTA’s coveted Elite Provider designation. REDS provides title and settlement industry-specific data security staff training and tools designed to enable our industry to avoid data breaches and demonstrate compliance with all applicable laws and Best Practices.  Its management team is led by a unique combination of internationally recognized privacy experts and real estate professionals.  REDS staff training courseware has won two (2) e-learning awards, and REDS is a preferred vendor to many national title underwriters. The REDS 2.0 Compliance Management Platform provides title and settlement agents, attorneys, and notaries with practical solutions to the privacy and security challenges they encounter every day.

Real Estate Data Shield Contact: Chris Gulotta, (212) 951-7302 

 

About PYA www.pyapc.com

 For over three decades, PYA (Pershing Yoakley & Associates), 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, comprehensive claims audits for self-insured Fortune 500 companies, wealth management and retirement plan administration, and business transitions consulting.

PYA Contact: Mike Shamblin, (800) 270-9629

PYA Named a Provider of ALTA Best Practices Assessments by Old Republic National Title Insurance Company

PYA (Pershing Yoakley & Associates), a national certified public accounting and management consulting firm, has been named a Provider of ALTA Best Practices Assessments by Old Republic National Title Insurance Company, one of the nation’s largest title insurance underwriters.  

PYA is now recognized as a Provider of American Land Title Association (ALTA) Best Practices Assessments for title insurance agents underwritten by Old Republic National Title Insurance Company (ORNTIC).

PYA will provide title agents assistance in preparing policies and procedures that are consistent with the ALTA Best Practices Framework.  PYA also will assist in the implementation of Best Practices and independent, third-party assessments to demonstrate total compliance.

ORNTIC Executive Vice President of Agency Services & Administration Jeff Bluhm said, “Our goal is to provide our agents with access to trusted and respected organizations that provide services to address the industry’s growing compliance requirements.  PYA is known for providing solutions that meet the needs of agents who wish to demonstrate they have taken the appropriate measures to protect consumer information and operate their agencies according to the highest of industry standards.”

As a member of the ALTA Best Practices Task Force, PYA provides solutions and services to agents as they navigate a period of enormous change within the title industry.

ALTA created its Best Practices Framework to assist title and settlement companies in satisfying their responsibility to manage third-party vendors.  ALTA encourages title and settlement companies to adopt Best Practices in order to demonstrate to lenders that appropriate measures have been taken to protect consumers.

Southern Land Title, Inc., Receives ALTA Best Practices Certification

Southern Land Title LogoSouthern Land Title, Inc., a regional title and settlement services provider based in Bay Minette, Alabama, recently achieved compliance with title industry Best Practices as set forth by the American Land Title Association (ALTA).

Southern Land Title, Inc., is now part of the elite, but continually growing, group of ALTA Best Practices certified companies.  With this certification, Southern Land Title, 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 J. Alan Lusk, president of Southern Land Title, Inc., “Receiving certification ensures that we are able to meet or exceed bank and lending institutions’ requirements, as well as provide assurance to our customers that we have the knowledge necessary to deliver superior service.”

National certified public accounting and management consulting firm PYA (Pershing Yoakley & Associates, P.C.) provided the third-party assessment and certification services for Southern Land Title, Inc.

“PYA’s knowledge, and willingness to share that knowledge, throughout the certification process eliminated unpleasant surprises and ensured that we achieved certification in the smoothest way possible,” said Margaret Quinley, accountant of Southern Land Title, Inc.  “The staff is friendly and easy to work with, and I would recommend them to anyone seeking certification.”

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.  Southern Land Title, Inc., chose to pursue and receive certification precisely for this reason.

Visit the Southern Land Title, Inc., website, www.southernlandtitle.com to learn more.

For questions regarding the Best Practices Framework, visit the ALTA website at www.alta.org/bestpractices.

 

About Southern Land Title, Inc.

Southern Land Title, Inc., is an independent agency serving customers in Baldwin County, Alabama since 1982.  We have 3 locations: Bay Minette, Gulf Shores, and Daphne, Alabama.  The stockholders are J. Alan Lusk and Cleveland L. Landreth.  Our title insurance underwriters are Stewart Title Company, Commonwealth Land Title Insurance Company, and Chicago Title Insurance Company.  Southern Land Title was built on the basis of respect, honesty, and service.  Our mission is simple: To give the best service possible with professional, courteous, knowledgeable staff.  To protect the privacy and confidentiality of our clients and staff.  To provide prompt, accurate title and closing services that follow the federal and state guidelines.  To build mutually beneficial long-term customer relationships.

 

About PYA

For over three decades, PYA (Pershing Yoakley & Associates), 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, comprehensive claims audits for self-insured Fortune 500 companies, wealth management and retirement plan administration, and business transitions consulting.

PYA is headquartered in Knoxville, Tennessee.  For more information, please visit http://www.pyabestpractices.com or call us at (800) 270-9629.

Direct Title Solutions, Inc., Earns Prestigious Certification

DIRECT TITLE SOLUTIONS Logo

Settlement company receives ALTA Best Practices Certification

Bryan L. Marion, president of Winchester-based Direct Title Solutions, lnc., proudly announces the company has achieved a third-party certification, demonstrating compliance with the American Land Title Association’s (ALTA) Best Practices Framework, the highest assurance of quality in the real estate settlement industry. “This certification demonstrates Direct Title Solutions, Inc., is committed to providing superior title services and has internal procedures and policies in place to protect both creditors and consumers, ensuring positive and compliant real estate closing experiences,” Marion said.

Recent regulations hold creditors liable for any deficiencies in a title company’s protection of consumer information. As a result, creditors are reviewing their relationships with service providers and becoming more sensitive to the types of companies with which they do business. To help creditors, ALTA created the Best Practices Framework to assist title and settlement agents prepare policies and to protect creditors and consumers.

Increasingly, title companies are electing to obtain certification in order to stay competitive and compliant in the market place, and Direct Title Solutions, Inc., opted for the highest level of certification: an on-site examination by an independent third party, which is considered the gold standard in the industry. Direct Title Solutions, Inc., contracted with the nationally recognized certified public accounting and consulting firm PYA (Pershing Yoakley & Associates) to perform the third-party assessment and certification. PYA reviewed Direct Title Solutions, Inc.’s, ALTA Best Practices and tested all its procedures and protocols.

“Direct Title Solutions made the decision to invest in this third-party process in order to reinforce our sound business practices and our long-standing commitment to being a trusted real estate settlement partner,” said Marion. “We chose PYA to perform our third-party ALTA Best Practices Certification because of their knowledge of the title industry and their experience with Best Practices Certifications.  During our certification process, PYA displayed a high level of professionalism and customer service.  The on-site testing was thorough and detailed, which provides us a high level of comfort with day-to-day operations.  Few title companies choose to spend the money or resources required to obtain certification. Direct Title Solutions, Inc., believes protecting its customer information is worth the investment of time and resources in order to enhance its policies and systems.  We are very committed to our customers and want to provide the highest level of assurance to creditors so all transactions can be securely placed with confidence at our business.”

Achieving ALTA compliance meant investing in technology and security upgrades as well as ongoing employee training. “This ALTA Best Practices Certification reflects our commitment to the industry, our brand, and most importantly, our customers,” Marion said, adding, “It also complements our robust growth over the last few years. It will further solidify current relationships and open doors to many others.”

 

ABOUT DIRECT TITLE SOLUTIONS, INC.: Direct Title Solutions, Inc., is a provider of real estate settlement services, both commercial and residential. DTS is a multi-faceted title company providing a wide range of services – including title abstract and recording services – in Florida, Maryland, New Jersey, and Virginia, along with title insurance and full-scale real estate closing services in Maryland, Virginia, and West Virginia. DTS employees receive ongoing training, and technology and infrastructure are constantly upgraded in order to provide outstanding security and protection for creditors and consumers.

 Inc. Magazine has recognized Direct Title Solutions, Inc., as one of America’s 5,000 fastest-growing privately held companies, and the Virginia Chamber of Commerce named it one of Virginia’s 50 fastest-growing companies. Direct Title Solutions, Inc., Bryan L. Marion, president, is located at 12 N. Braddock St., Winchester, VA 22601. Contact (540) 450-0740, bmarion@DTSAdvantage.com or visit www.DTSAdvantage.com.

 

ABOUT PYA: For more than three decades, PYA (Pershing Yoakley & Associates), 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, comprehensive claims audits for self-insured Fortune 5OO companies, wealth management and retirement plan administration, and business transitions consulting. PYA is headquartered in Knoxville, Tenn. Visit www.pyabestpractices.com or call (800) 270-9629.

 

ABOUT ALTA: The American Land Title Association (ALTA), founded in 1907, is the national trade association representing 6,000 title insurance companies, title and settlement agents, independent abstractors, title searchers, and real estate attorneys; its members search, review, and insure land titles to protect consumers and mortgage lenders.  For questions regarding the certification process, visit the ALTA website at www.alta.org/bestpractices.