Nationally certified public accounting and consulting firm PYA announces the release of a new blog designed to enhance communication between the title and closing community and the world of accounting.
Nationally certified public accounting and consulting firm PYA has announced the launch of a new blog for the title and closing community that offers unique perspective from inside a CPA firm. At the blog’s helm will be 35-year title industry veteran Eugene McCullough, PYA’s Director of Title Industry Services within the ALTA Best Practices service line. McCullough joined PYA with the goal of aiding the Firm’s efforts to understand and communicate with the title insurance community. Now also an accounting firm “insider,” McCullough will serve as a liaison between these industries, and through this new blog, will help facilitate communication and address issues of importance to each.
“It is my hope that the insights shared in the blog will provide assistance to title professionals when interfacing with the CPA community, especially when considering some level of Best Practices assessment,” McCullough said. “Through my work at PYA, I have become familiar with the technical jargon and accounting industry processes routinely used by CPAs. This blog will allow us to share that insight with title agents in a way that connects both professions.”
McCullough’s more-than-three decades’ experience informs both ways—his PYA colleagues have benefitted from learning how title and closing agents conduct day-to-day business, how they interact with consumers and lenders, and how title and closing practices vary from state to state.
“Having a former title attorney and title underwriter executive on our team is an important resource for communicating with our title agency clients,” said Matthew Rekers, PYA’s Director of ALTA Best Practices Services Group. “Title agents can feel comfortable that Gene will not only understand their needs, but will be able to explain regulatory complexities and what is required from the accounting perspective in a way that they understand. That’s why this blog will be of such value to the title community.”
In coming weeks via this new forum, PYA will release a series of blogs designed to offer pertinent information to those seeking independent third-party certification of compliance with the ALTA Best Practices Framework 2.0. The series will address current lender requirements for Best Practices adherence, analyze Best Practices adoption data, explore motivating forces behind lender requirements, consider options for demonstrating compliance, and examine pitfalls of self-certification.
As the American Land Title Association’s (ALTA) first Elite Provider of Best Practices assessments, PYA helped initiate efforts that would help title agents navigate the complex regulatory environment and attain compliance in accordance with ALTA Best Practices. PYA devotes an entire team to helping title agencies address lender requirements; prepare, evaluate, and implement ALTA Best Practices policies and procedures; assess compliance; and work toward certification.