Norton Hammersley is proud to announce that we have been awarded certification on all 7 pillars of ALTA’s Best Practices.
The American Land Title Association – ALTA – was founded in 1907 to protect home buyers and mortgage lenders who invest in real estate by searching, reviewing and insuring land titles. ALTA insists on high standards when searching land title records and preparing insurance documents.
To achieve the 7 pillars of excellence a rigorous process is followed ensuring that only the best in the industry can proudly display the certificate.
The 7 pillars of ALTA’s Best Practices are:
Pillar No 1: Establish and maintain current license(s) as required to conduct the business of title insurance and settlement services.
Pillar No. 2: Adopt and maintain appropriate written procedures and controls for escrow trust accounts allowing for electronic verification of reconciliation.
Pillar No. 3: Adopt and maintain a written privacy and information security program to protect non-public Personal Information as required by local, state and federal law.
Pillar No. 4: Adopt standard real estate settlement procedures and policies that help ensure compliance with federal and state consumer financial laws as applicable to the settlement process.
Pillar No. 5: Adopt and maintain written procedures related to title policy production, delivery, reporting, and premium remittance.
Pillar No. 6: Maintain appropriate professional liability insurance and fidelity coverage.
Pillar No. 7: Adopt and maintain written procedures for resolving consumer complaints.
As an agent or buyer you will benefit considerably knowing that Norton Hammersley has achieved certification for all 7 pillars of best practices. The certification allows a real estate closing to proceed smoothly and risk free until completion.
Sarasota Law firm Norton and Hammersley of Sarasota have a commitment to high standards and professional excellence which has made us the trusted Law firm we are today. The ALTA certification allows you the client to be confident that the industry standards which we follow and are certified to ensure you have the best team working for you.