In our efforts to meet and exceed the American Land Title Association’s (ALTA) Title Insurance and Settlement Company Best Practices, the Futura Title family of companies 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, Futura Title & Escrow Corp. and its subsidiaries, Alliance Title & Escrow Corp. and AmeriTitle, Inc., 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. The comprehensive audit was performed by the independent third party CPA firm, A-LIGN.
In addition to receiving SSAE 16 certification, the companies were confirmed and certified as ALTA Best Practices compliant. With this noteworthy milestone in our compliance efforts, our clients and customers can be assured that every transaction facilitated by our brands is held to the highest standard.