Habif, Arogeti & Wynne LLP (HA&W), a tax, accounting and business advisory firm headquartered here, is the latest company to get behind the American Land Title Association’s (ALTA) Best Practices with the launch of its ComplianceSuccess Program, which provides compliance benchmarking, readiness and assurance reporting services.
ComplianceSuccess provides independent, third-party assurance using certified public accounting (CPA) standards on attestation reporting — which is trusted by banking and financial institutions, HA&W noted in an Oct. 14 news release. The firm is billing the program as the “fastest and most affordable path to compliance.”
The program offers services across all seven of ALTA’s Best Practices pillars, including a compliance benchmark that assesses the current level of compliance against ALTA’s Best Practices within 10 days; a gap-analysis and remediation plan; compliance testing and reporting using ALTA’s Best Practices framework as a benchmark; and ongoing monitoring services. ComplianceSuccess offers two levels of reporting: A review that provides a base level of assurance on compliance reporting for mortgage lenders, as well as an examination that provides the highest level of assurance for compliance reporting available to CPAs based on attestation standards.
“We launched ComplianceSuccess Program to provide the title agent industry with a fast and affordable path to comply with ALTA Best Practices,” Kim McConkey, partner-in-charge of the program, said. “We offer assurance that is trusted by the mortgage banking industry so that title agents will not only retain their current mortgage lender relationships, but grow their businesses and increase market share.”