HA&W’s ComplianceSuccess Program Announces Safety Net for Title Agents
Firm’s promise protects its agents from uncertainty of ALTA Best Practices compliance
August 11, 2015- Title agents who partner with HA&W, LLP’s ComplianceSuccess Program are facing a unique challenge as the title and settlement industry evolves its policies and procedures. That is why HA&W has announced that it will provide its title-agent clients with a financial safety net for their compliance reports.
ComplianceSuccess provides the title and settlement industry reporting options to demonstrate compliance with American Land Title Association (ALTA) Best Practices, either by a review, an examination or a Service Organization Control (SOC) report. The accounting firm is pledging to charge for only the incremental work necessary to reissue a report if ALTA changes its Best Practices Assessment Procedures within six months of the issuance of a HA&W report. The firm will also refund a report fee if a lender rejects a client’s report within 90 days of issuance and requires that the client obtain a new report from another CPA firm.
HA&W is the first advisory services firm to offer this commitment, which protects its agent-clients from the continued uncertainty in the world of ALTA Best Practices compliance.
“Title and settlement professionals are facing uncertainty in the market today as they strive to understand the CFPB compliance requirements and maintain compliance with their lender’s guidelines. In response, HA&W is providing a commitment to their clients. We are extremely confident that lenders will accept our examination or review report,” said Lee Fields, managing director of HA&W’s Business Consulting Services.
“As national and regional lenders continue to provide guidelines to their third-party providers on how to comply with CFPB regulations, we are seeing the urgency of title and settlement professionals to become compliant with ALTA’s Best Practices Framework increase,” adds Fields. “By offering review, examination and SOC reporting options, we are providing title and settlement professionals of all sizes with a report that fits their needs and risk profile.”
For more details about a review, examination or HA&W’s commitment to clients, visit http://www.compliancesuccess.com or dial 1-844-848-6529.
About HA&W’s ComplianceSuccess® Program:
Habif, Arogeti & Wynne, LLP (HA&W) is the leading CPA firm in the nation to provide ALTA Best Practices compliance benchmarking, readiness and certification reporting through its ComplianceSuccess Program. HA&W’s ComplianceSuccess Program provides independent third-party assurance using CPA professional standards on attestation reporting, trusted by banking and financial institutions. Our fast track approach will assess your current level of compliance and provide you with a remediation plan in three to five business days. Our process delivers the best price point to achieve compliance, offering complete compliance benchmarking and reporting across all seven ALTA Best Practices Pillars. To ensure our ComplianceSuccess Program is in lock step with industry standards and requirements, HA&W is actively involved at the highest level with ALTA, AICPA, lenders and underwriters.