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.
