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.