Williams Parker recently received American Land Title Association (ALTA) Best Practices Framework compliance certification. The ALTA Best Practices Framework was developed to assist lenders in satisfying their responsibility to manage third-party vendors. The firm worked with certified public accounting firm Habif, Arogeti & Wynne, LLP (HA&W) to complete its certification. The process involved HA&W’s review of the firm’s title insurance and settlement practices. ALTA seeks to guide its membership on best practices to protect consumers, promote quality service, provide for ongoing employee training, and meet legal and market requirements.
“Becoming compliant with ALTA Best Practices is an important step for title and settlement professionals to take as the title industry continues to become more regulated,” said Lee Fields, managing director of business consulting services at HA&W. “By choosing a CPA attestation report, Williams Parker is providing their lenders and stakeholders a high level of assurance that they have proactively addressed their internal operations to mitigate operational risk.”
“The firm recognizes the importance of compliance,” said Patrick W. Ryskamp, chair of Williams Parker’s real estate practice group. “By seeking the highest level of certification and attestation from HA&W, we continue to demonstrate our commitment to protecting our clients and providing quality service.”
Williams Parker’s real estate attorneys represent developers, financial institutions, private equity investors, single-purpose business entities, and individuals purchasing real estate across the full scope of real estate-related issues including financing, taxation, zoning, and contracting. The firm has served as primary legal counsel to some of the area’s most important developers and real estate investors since its founding in 1925.
Click here to view certificate.