North American Title Insurance Co. Announces HA&W as a Trusted Partner for ALTA Best Practices Compliance Testing and Reporting
January 28, 2016
HA&W becomes member of NATIC AgentMarketplace Program
MIAMI, FLA. (PRWEB) JANUARY 28, 2016 – North American Title Insurance Co. (NATIC) has named HA&W as a trusted partner, listing it as a member of the NATIC AgentMarketplace Program. HA&W will offer American Land Title Association (ALTA) Best Practices compliance benchmarking and assurance reporting services to NATIC agents through its ComplianceSuccess® Program.
Through its AgentMarketplace Program, NATIC partners with industry providers to offer its agents products and services that help them grow their businesses and be compliant with industry standards as well as state and federal laws and regulations.
“Comprehensive testing and reporting is a key provision across all seven ALTA Best Practices pillars,” said Emilio Fernandez, NATIC president. “NATIC is pleased to offer HA&W as a quality vendor to our title agents to ensure they achieve and demonstrate compliance with ALTA Best Practices to their valued lender customers.”
HA&W was the first CPA firm in the nation to perform ALTA benchmarking, readiness and reporting services across all seven pillars of the ALTA Best Practices. The ComplianceSuccess Program offers independent third-party attestation using CPA professional standards, which provide the greatest level of assurance available. Since banks have historically looked to CPA attestation reports to provide assurance of business risk mitigation, these reports can now be used by independent title agents to ensure compliance with ALTA Best Practices to their lender customers.
“With the deadline now passed for compliance with TRID, the TILA-RESPA Integrated Disclosure Rule, we expect to see a renewed focus on ALTA Best Practices compliance,” said Lee Fields, managing director of HA&W’s ComplianceSuccess Program. “Now is the time to begin the process of becoming compliant, and NATIC agents have a high level of assurance they will be accepted by their lenders as a preferred partner with HA&W’s ComplianceSuccess Program.
“In fact, HA&W is the only CPA firm to offer a safety net for agents in which we will refund the report fee if a lender rejects our report within 90 days of issuance and requires a second report be obtained from another CPA firm,” added Fields.
For information on becoming a NATIC agent with access to the NATIC AgentMarketplace Program, go to http://www.natic.com. For more information about HA&W’s ComplianceSuccess Program, visit http://www.compliancesuccess.com or call (844) 848-6529.
About HA&W’s ComplianceSuccess® Program:
Working with hundreds of companies nationwide on ALTA Best Practices testing and reporting, HA&W, LLP is the leading CPA firm in the nation to provide ALTA Best Practices compliance benchmarking, readiness and certification reporting through its ComplianceSuccess Program. The 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 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, the AICPA, underwriters and most important, our clients. HA&W media contact: David Rubinger, [email protected] or (404) 255-8785.
About North American Title Insurance Co. (NATIC)
North American Title Insurance Co. (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve the goal of true business success for over 50 years. NATIC conducts real estate settlement services in 39 states and the District of Columbia. NATIC earned the reputation as the “underwriter next door,” because their decision makers and associates are easy to reach and their processes are quick and straight forward. The NATIC agency application process is fast and transparent for qualified agents. NATIC has a one-hour underwriting response guarantee that is unparalleled in the industry.
NATIC is the largest capitalized company in Peer Group 2, which groups companies with capitalization between $25 million and $100 million as determined by Kroll Bond Rating Agency, Inc. NATIC is ranked 7th by The Performance of the Title Insurance Underwriters© in terms of cash or cash equivalents. North American Title Insurance Co. maintains over $84 million* in cash or invested assets. This represents over 92 percent of the company’s assets and is characteristic of the most important attribute to title protection, namely, financial responsibility. *As of 12/31/2014.
Demotech, Inc. awarded NATIC a rating of: A’ (A Prime) Unsurpassed. A.M Best rated B++ (Good). NATIC is headquartered in Miami, Florida. To learn more, visit http://www.natic.com