Performing an Assessment
After implementing policies and procedures designed to meet the ALTA Best Practices standards, your company is ready to undergo an assessment. Refer to the assessment option that best fits your company's needs.
Self Assessment
A self assessment requires companies to internally review and test their policies and procedures to determine whether they meet the Best Practices standards. Use the tools below to conduct your self assessment and embark on the road towards compliance!
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Title and Settlement Company Best Practices V 3.0 (01-02-2020)
This is the ALTA Best Practices Framework version 3.0
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Assessment Procedures V 2.5 (10-07-2016)
The Assessment Procedures provide companies with a standard set of evaluation procedures to determine whether they meet the Best Practices.
- Assessment Guide & FAQ Resource
Assessment Readiness Guides
The Assessment Readiness Guides help companies self-assess their compliance with each pillar of ALTA's Best Practices. Each guide contains a series of simple yes/no questions about a company's practices and series of simple testing standards based on the Assessment Procedures for a specific pillar. The guides also allow companies to attach documents that evidence their compliance with Best Practices.
- Pillar 1: Assessment Readiness Guide [M] [A]
- Pillar 2: Assessment Readiness Guide [M] [A]
- Pillar 3: Assessment Readiness Guide [M] [A]
- Pillar 4: Assessment Readiness Guide [M] [A]
- Pillar 5: Assessment Readiness Guide [M] [A]
- Pillar 6: Assessment Readiness Guide [M] [A]
- Pillar 7: Assessment Readiness Guide [M] [A]
Resources for Certification Specialists
Using the tools below, a certification specialist may also perform an assessment of a company's policies and procedures to help determine whether the company meets the Best Practices standards.
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Title and Settlement Company Best Practices V 3.0 (01-02-2020)
This is the ALTA Best Practices Framework version 3.0
-
Assessment Procedures V 2.5 (10-07-2016)
The Assessment Procedures provide companies with a standard set of evaluation procedures to determine whether they meet the Best Practices.
- Assessment Guide & FAQ Resource
- AICPA Guidance
CPAs may refer to Technical Questions and Answers produced by the AICPA to help guide any Best Practices engagements.
Key Documents
Best Practices FAQ Portal
To help ensure industry receives consistent guidance about the Best Practices, ALTA will be publishing answers to frequently asked questions on its FAQ Portal. If you do not see an answer to your question, you can fill out the FAQ Question Form below.
