This year at the National Settlement Services Summit (NS3) June 6-8 October Research, LLC will be offering an all-new feature called the Lender Oversight PACE Lap. It will feature four high-impact sessions examining a range of third-party compliance issues.
Turn 1, Best Practices and Self-Certification, will be hosted by American Land Title Association (ALTA) President John Hollenbeck. He will discuss what Best Practices compliance looks like at a foundational level and how to conduct a self-certification.
Turn 2, Conquering Third Party Certifications, will be hosted by Bayou Title President Brent Laliberte. Having gone through an SSAE-16, SOC 1 audit himself, he will be discussing which certifications and attestations are appropriate for your organization.
Turn 3, Supercompliance, will explore the latest in advanced lender oversight compliance. Brady & Kosofsky, PA Managing REO and Closing Attorney Jaime Kosofsky and BakerHostetler Partner Anthony Sharett will discuss what the future may hold for title and settlement agents.
In Turn 4, Kate Steineman of Wells Fargo and Kenneth Pack from the Bank of North Carolina will speak directly to agents about current and future compliance expectations.
Although many agents might not have been told they need a certification or third-party attestation, Laliberte says they are important.
“I think of it (SSAE-16) as a marketing tool,” he said. “It separates us from the competition. At the end of the day if something goes wrong, I’m the guy responsible for it, so if I can get as many safety features as there are, it will make me sleep better.”
And he said he actually enjoyed the process. He said it gave him a chance to stop and re-assess his operation.
“It’s a good opportunity to realize where your strengths and weaknesses are,” he said. “It gives you an opportunity to make sure you’re doing things the way you’re supposed to do things.
“Look at it is a positive, as something that’s going to allow you to run your business more efficiently and remove a lot of issues. I think this is a way for us to get better at what we do and trumpet that to our clients.”
To get more information on the 2016 National Settlement Services Summit in Charlotte, N.C., June 6-8, including the agenda and a list of speakers, click here. You can register for NS3 online or click here to get information on how to register via mail, fax or phone.