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Carrington Title Services LLC has announced that it has achieved compliance with title industry “Best Practices” as set forth by the American Land Title Association (ALTA). Within this self-certification, Carrington is upheld to maintain the highest standards of operational proficiency the title industry exercises to protect lenders and consumers, while ensuring a positive and compliant real estate settlement experience.
Carrington’s ALTA Best Practices compliance was achieved as a result of its success in meeting the organization’s Best Practices requirements, including a rigorous assessment in all areas of title and settlement services including licensing, escrow trust accounting controls, privacy and information security, compliance with finance laws, written policies and procedures, maintenance of liability and fidelity insurance and guidelines for customer relationship management.
“We are extremely pleased to be among the elite few that have achieved the top levels of operational efficiency driven by consumers’ best practices guidelines, particularly following the regulatory environment movement,” said Jim Potter, senior vice president of Carrington Title Services. “Achieving Best Practices Compliance means that we are fully prepared to compete with the changing lending landscape effectively, supporting lenders in terms of TRID mandates and updated systems management requirements. As a subsidiary of Carrington Holding Company, Carrington Title Services has connections to the full continuum of services offered by The Carrington Companies. These connections provide firsthand knowledge regarding what is required by various organizations from a title, escrow and insurance standpoint, making Carrington Title Services an ideal partner for lenders, brokers, real estate agents, servicers and asset managers. Our new ALTA certification provides validation in the marketplace for our title and settlement services capabilities."
Carrington Title Services delivers value through its ability to support a wide variety of product solutions providing customized workflow technology to support key client objectives. The strength of the organization lies in its ability to support a broad variety of purchase and refinance transactions, as well as its sharp focus on managing the unique challenges associated with curative title. Operations are managed from three locations in California and Texas, with more than 80 associates supporting all 50 states and leveraging mobile enabled technology that provides transparency and efficient workflow solutions.