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Equitable National Title Group LLC, managing partner of the equitable title entities has received certification in Alta’s best practices by security compliance associates.

ALTA’s Best Practices consist of a series of guidelines designed to protect consumers identity and escrow funds, promote quality service, and meet legal and market requirements. The Best Practices sets the standard of expectations for title companies in the wake of the CFPB’s April 2012 bulletin that reminded financial institutions of their responsibility to monitor their third-party vendors’ compliance with federal consumer financial laws.“We have been working diligently over the past few years to remain at the forefront of consumer protection and keep up with the changes in the financial industry,” said F. Larry Joseph, CEO of Equitable National Title Group. “I could not be more proud of my team and what we have accomplished with this certification.”Security Compliance Associates (SCA) guided Equitable National Title Group through remediation shortfalls and re-evaluating its overall security posture to ensure the company was meeting industry and regulatory standards, dictated by the Gramm–Leach–Bliley Act and the Federal Trade Commission.

“SCA is pleased to award Equitable Title a certification of completion on ALTA’s Best Practice Framework,” said Jim Brahm, CEO of SCA. “The focus and execution on compliance from the Equitable Title team demonstrated their industry leading approach to protect consumers and be ahead of the industry to meet and exceed lender requirements.”Joseph said Equitable National Title Group customers should not anticipate any disruptions when the CFPB’s TILA-RESPA integrated disclosures go into effect Aug. 1, 2015.

“Mortgage lenders, who are now liable for their third-party vendors, will not have to go through rigorous approval processes to utilize the services of Equitable Title,” said Jon McGraw, Equitable National Title Group’s In-House counsel. “Best Practices is a series of seven pillars that set the standard of expectations for title companies nationwide.”

Certificate of Completion
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