Generes & Associates Helps Companies Navigate ALTA Best Practices Revisions

June 29, 2023

Generes & Associates announced a suite of services designed to assist title companies in achieving compliance with the recently updated ALTA Best Practices Framework.

The revised version, which went into effect May 23, aims to enhance procedures for financial, data security and operational stability procedures, providing assurance to lenders and other stakeholders.

Since the inception of ALTA’s Best Practices a decade ago, Generes & Associates has been a reliable partner, helping numerous title companies work toward compliancy while navigating the evolving landscape with personalized solutions. Their expertise provides title companies with a stress-free process and ensures adherence to industry standards.

“Adhering to ALTA’s Best Practices 4.0 is particularly vital for the independent agent,” said Edwin Genres, founder and CEO of Generes & Associates, as well as a member of the ALTA Best Practices Task Force. “They read as plain, common-sense controls, easily implemented, even if only sometimes required by lenders. But their practice speaks directly to the seriousness of protecting both funds and information not meant for the public. A good agent cannot risk their business, their clients’ trust, or their lenders’ trust on even the hint of having cut those corners.”

Generes & Associates’ Best Practices consulting services include the preparation of tailored ALTA Best Practices manuals for small to medium-sized title and settlement practices. Their expertise extends to designing alternative procedures that achieve compliance goals without excessive costs and inconveniences. Furthermore, as a liaison between title/settlement agency managers and certification entities, Generes & Associates simplifies and expedites the certification journey.

Contact ALTA at 202-296-3671 or [email protected].