MEDIA, PA (PRWEB) JULY 15, 2015
Title Alliance Ltd., a RESPA-compliant ESOP leader in joint ventured title insurance agencies (Title Alliance), announced today that the 39 regional title agencies under its umbrella, operating in Pennsylvania, New Jersey, Ohio, Indiana, Maryland, Virginia and Florida, have each 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. The Title Alliance group and their closing professionals passed the rigorous 110 point background evaluation process with the coveted “Low Risk” rating and are now subject to ongoing monitoring in the SSI nationwide settlement agent database.
Bill Cotter, Chairman of Title Alliance said, “We view the successful and independent vetting of the credentials of our company and its affiliates for consumer protection as important to establish greater confidence in the mortgage closing process. We also realize that the lenders whom we service are expected to evaluate and monitor their business partners. By initiating this process on our own, without being asked to do so, we demonstrate to our clients that they’ve made a good business decision to use our agencies.”
SSI President Andrew Liput stated, “Title Alliance gets it when it comes to transparency and consumer protection. Lenders and borrowers are demanding accountability and want to do business with trustworthy, professional firms. Regulators expect better risk management. Title Alliance clearly meets and exceeds all of those expectations.”
Title Alliance joins numerous regional and national title and settlement firms that have embraced independent vetting and monitoring as a professional credential through the SSI risk evaluation program. As their new entities are brought onboard; each employee and entity is required to pass the Secured Settlement Vetting in order to be affiliated with Title Alliance.
About Title Alliance Ltd.
Title Alliance Ltd, an ESOP Company located in Media, PA, has been forming successful single and multi-state title joint ventures with lenders, realtors, and builders since 1983 with lenders, mortgage bankers, Realtors, builders and credit unions. Title Alliance’s roots date back to 1948 when its first title agency, still in existence, was formed. They work with their partners to establish in-house title and settlement operations, dramatically enhancing their customer service and increasing their profit.
Title Alliance is the premier developer of RESPA and state compliant title affiliated business arrangements. The company provides a wealth of tools, resources and experiences for ABAs. They research the market to find and hire the strongest managerial candidates for affiliated title operations.
For more information about Title Alliance please visit http://www.titlealliance.com or contact Lindsay Smith at lsmith(at)titlealliance.com.
About Secure Settlements, Inc. (SSI)
SSI was the first company to offer a standardized risk management process and information database of fully risk-assessed mortgage closing professionals to protect both consumers and lenders, reducing fraud and ensuring that federal regulatory requirements are met.
SSI monitors thousands of title, settlement and real estate legal firms and professionals nationwide through proprietary technology and the mortgage industry’s only National Settlement Agent Database. The database is accessed daily as a fraud prevention tool by state and federal banks, mortgage lenders and credit unions throughout the United States.
For more information about Secure Settlements, Inc. please visit http://www.securesettlements.com.
MEDIA, PA (PRWEB) JULY 15, 2015