Canyon Title of Denver has announced that it has successfully passed an independent operational risk assessment evaluation process achieving the highest reliability rating. The risk assessment was performed by Secure Settlements Inc., a New Jersey-based firm that created the first independent risk analytics process to screen title and settlement professionals to meet regulatory demands for greater consumer protections in the mortgage industry. Canyon Title passed the rigorous 110-point background evaluation process with the coveted “Low Risk” rating and is now subject to ongoing monitoring in the SSI nationwide vendor database.
“We applaud Canyon’s acknowledgement of the value of independent risk analysis for consumer protection and vendor management compliance," said SSI President Andrew Liput. "Banks and consumers want to know they are doing business with trustworthy, professional firms. Canyon clearly fits that risk profile.”
Canyon Title was founded in 2001 as a full-service title and escrow company, servicing 33 states, conducting business out of two locations in Denver. Their operations run on a state-of-the-art paperless production system that allows for a seamless customer interface, and they take a unique approach and focus on their clients by offering strategic marketing solutions and innovative technologies to help them grow their businesses.
“In addition to the well-established title insurance underwriter protections which ensure proper operating procedures and controls, we view independent risk analysis for consumer protection as an important complimentary assurance to establish greater confidence in the mortgage closing process," said Robert Lindley, owner of Canyon. "We also realize that banks and lenders are expected to know their business partners, and by initiating this process on our own, without being asked to do so, we can assist lenders by managing this issue for them. In an environment with intensifying regulatory scrutiny, it is just good business!”