Thompson, O’Brien, Kemp & Nasuti, P.C. receives third-party certificate of compliance review
In early 2014 THOMPSON, O’BRIEN, KEMP & NASUTI, P.C. (“TOKN”) approved the internal adoption and implementation of the American Land Title Association’s ALTA Title Insurance and Settlement Company Best Practices v. 2.0. In August 2016, TOKN achieved a certificate of compliance review from HA&W, certified public accountants and business advisors.
In accordance with Consumer Financial Protection Bureau (CFPB) Bulletin 2012-03, mortgage lenders are expected to have an effective process in place for managing the risks of their third-party service providers, e.g. residential settlement agents and title companies. Mortgage lenders have always looked to CPA firms for assurance on third-party information as a way to meet risk management guidelines. TOKN has undertaken this benchmark review certification to assure its lender clients of its commitment to follow industry best practices.