Commonwealth USA Settlements, LLC. Receives Best Practices Certification

PITTSBURGH, Jan. 6, 2015 /PRNewswire/ -- Commonwealth USA Settlements, LLC. (CWUSA) a national provider of title and settlements solutions announced that it has been certified in accordance with the American Land Title Association's (ALTA) Best Practices.

ALTA--the title industry's national trade association since 1907--stepped in to help its members and the title industry as a whole by establishing a best practices framework to assist lenders in satisfying their responsibility to manage third-party vendors.  Beyond the establishment of these voluntary best practices, ALTA also has proposed that title companies obtain certification by an independent thirty party.

It was this understanding of the new industry regulations and need for certification that led CWUSA in choosing Pershing Yoakley & Associates (PYA) to complete the certification assessment.  "We chose PYA because of their experience in working with agencies like ours and their vast knowledge of the regulations set forth by the Consumer Finance Protection Bureau (CFPB) and ALTA," stated Angela Murin, President of CWUSA.   "PYA's Matthew Rekers assisted us in applying the procedures to accomplish our goal of receiving certification."

"Maintaining privacy and security has become the key ingredient at Commonwealth, and the very cornerstone of our organization," added Murin.  "Long before the current regulatory environment was established, Commonwealth recognized the need and understood what it meant to protect the private interests of our clients and their borrowers."  

CWUSA is among one of the first national title agencies to receive their certification.  Having this certification not only places them in compliance with the regulators but head and shoulders above their competition. 

About PYA -

PYA is a Certified Public Accounting and Consulting Firm that assists title and settlement companies with the implementation of ALTA's Best Practices Framework and certification. For over three decades, PYA has provided world-class support and delivered comprehensive services in compliance, assurance, and advisory to clients. For more information, visit http://www.pyapc.com/bestpractices.

About CWUSA -

Commonwealth USA Settlements, LLC. (CWUSA) is a full service title and settlement provider to the mortgage lending community.  Specializing in FHA, VA and conventional refinances, CWUSA offers its clients national coverage of certified solutions.  The unqualified value of enhancing the consumer experience coupled with secure data enables CWUSA clients to rest assured they're meeting the security requirements each and every time. CWUSA has acquired certification of ALTA's Best Practices.  For more information, visit http://www.cwusa1.com.

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SOURCE Commonwealth USA Settlements, LLC.

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