On March 2, 2015, BancorpSouth, a large regional lender, stated all of their "approved closing agents" will not only have to adhere to the ALTA Best Practices 2.0, but a 3rd party certification of the Best Practices must also be completed by July 31, 2015.
Currently, Entrust is only aware of a handful of 3rd party certification companies offering this type of service. It is our understanding that the certification companies will conduct the review and certify your entity is compliant with your Best Practices Manual, however do not offer a Best Practices Manual Preparation Service.
Entrust is in the midst of discussions with several certification providers discussing our Best Practices Manual Preparation Service. While Entrust offers a Best Practices Manual Preparation Service, we do not offer a certification, only self-certification.
If you have not created your Best Practices Manual yet, we highly encourage you to do so. If you need help with preparing your Manual, please contact us directly.
For more information about our Best Practices Manual Preparation Service, please click HERE.