Lawyer’s Escrow Service Receives ALTA Best Practices Certification

April 19, 2016

Lawyer’s Escrow Service Inc., a regional title and settlement services provider based in Tennessee recently achieved compliance with ALTA’s Title Insurance and Settlement Company Best Practices.

With this certification, Lawyer’s Escrow Service, 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 company Vice President Jill Connors.

“Receiving certification ensures that our company, customers, and stakeholders can take additional comfort in the knowledge that we’ve submitted to, and successfully passed, a rigorous, independent third-party certification by a highly qualified audit organization,” Connors said. “Furthermore, it increases the level of trust that the individuals and companies doing business with us can place in the quality of our compliance policies and practices.”

National certified public accounting and management consulting firm PYA (Pershing Yoakley & Associates PC), an ALTA Elite Provider of Best Practices assessments, provided the third-party assessment and certification services.

“PYA provided thorough, comprehensive testing to ensure compliance with ALTA Best Practices across all phases of business operations, with excellent guidance on required information for submission and interactive tools for secure online submission of required information,” Connors said. “We felt the certification process provided by PYA was rigorous, thorough, and fair in all respects.”

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.

“We felt it was important to obtain independent testing and verification of our ALTA Best Practices compliance policies and procedures for the sake of ensuring delivery of the best services possible for our customers, as well as to meet the needs of lenders and other process stakeholders for independent third-party certification of our compliance with ALTA Best Practices and CFPB Regulations,” Connors explained.


Contact ALTA at 202-296-3671 or communications@alta.org.

31003