COMPLIANCE & BEST PRACTICES

Where unwavering integrity meets experience and diligence.



Bay National Title understands that security is of the utmost importance in a paperless environment. Your private financial information is secure and well-guarded because our company follows all industry best practices. We are continually building and managing processes that ensure policies and procedures are followed to the fullest for compliance.

Compliance & Best Practices

At Bay National Title we operate with absolute integrity and adhere to the industry’s best practices. Our company has conducted the American Land and Title Association (ALTA) Best Practices Assessment.

We comply to meet the standards of SOC 1 (SSAE16) – Statement on Standards for Attestation Engagements (SSAE) No. 16 and have passed all of its annual audits for complete confidence in the quality of our services while making financial transactions. This helps us meet global standards of fairness with best accounting practices. A SOC 1 Report (Service Organization Controls Report) is a report on Controls at a Service Organization which are relevant to user entities’ internal control over financial reporting. The SOC1 Report is what you would have previously considered to be the standard SAS70, complete with a Type I and Type II reports, but falls under the SSAE 16 guidance.

Dedicated to Consumer Safety & Lender Confidence

Bay National Title Company takes the burden placed on lenders by government oversight agencies seriously to inspect the work of our service providers and protect consumer data. As a result of these concerns and as indicated by our dedication to exceeding the expectations and standards articulated by the American Land Title Association, Bay National Title Company not only adheres to their 7 Best Practice Standards but has also adopted additional internal security measures to support our concerns for consumer protection. Bay National Title sincerely feels that by adopting these steps as our standard business practice, we are showing our dedication to consumer protection and providing our clients the knowledge that, as their service provider of choice, we are dedicated to consumer safety and regulatory compliance.

CERTIFICATIONS

Being a member of various associations like the American Land Title Association (ALTA) and the Florida Land Title Association lets customers know we adhere to the highest standards and gives us access to the most safe and up-to-date security protocols for secure settlements.

Bay National Title is Closing Alliance Certified and has received numerous Top Agent Awards for customer satisfaction and industry expertise. We have a level of coverage equal to 1mil Fidelity Bond, which is greater than the value carried by our competitors.



AWARDS

Evan Grimm (CEO) – Florida Land Title Association’s Certified-Land Title Institute (CLT) 2015

#501 – Inc. 5000’s Fastest Growing Companies in America 2015

Fidelity National – Outstanding Performer

First American – Gold Agent 2015

Top 10 Agent 2011





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Title Agency Compliance & Best Practices ALTA

Bay National Title Company is a BBB Accredited Title Company Agent in Clearwater, FL

Title Agency Compliance & Best Practices DB

National Title Insurance Company SSi2