In our efforts to meet and exceed the American Land Title Association’s (ALTA) Title Insurance and Settlement Company Best Practices, Alliance Title determined that an American Institute of Certified Public Accountants (AICPA) Service Organization Control Reports (SOC) audit would provide a supplemental layer of protection for our lender clients and consumers.
In July 2016, Alliance Title successfully completed the Statement on Standards for Attestation Engagements (SSAE) No. 16 exam. The SSAE 16 is an industry-recognized auditing standard instituted by the AICPA. Settlement service companies that receive SSAE 16 certification have been attested by an independent third party CPA firm to the soundness of their information technology and network security, operational procedures, and risk assessment control activities and objectives in protecting consumer data.
In addition to receiving SSAE 16 certification, Alliance Title was confirmed and certified as ALTA Best Practices compliant. Since 2013, we’ve proactively worked to verify that our internal controls, policies, and procedures enable us to assist our lender clients in complying with Federal consumer laws while protecting our most significant stakeholder – the consumer. Learn more about the actions we’ve taken here.