Westcor’s Agency Compliance Program depicts a true partnership for its agents, according to the company’s statement. By providing a risk-based practical approach to its compliance program, Westcor said it is helping its agent provide reasonable solutions to lenders for third party vetting requirements.
“I am pleased to announce that we are one of the first New York agents to have received Westcor’s certificate of compliance,” Benchmark Title Agency, LLC Chief Counsel and Managing Member Jean Partridge said. “We are thrilled to be an agent of Westcor as they never fail to exceed our expectations as partners.”
In the statement Westcor described a situation where an agent recently was asked to provide sensitive information to a third-party vetting company. After contacting Westcor and having Chief Financial Officer Mike Schefstad explain the Westcor program to the lender, the agent no longer was required to provide the information.
“We do not have to send them anything right now, nor do we have to go through the costly third-party vetting company the is using,” Prominence Title and Escrow, LLC Managing Member Marlene Benner said. “Westcor’s program will allow us to close on all files we have with this national lender.”
“We are pleased with the response we have received from the lending community,” Schefstad said. “Lenders appreciate the independence of the program and the confidence in knowing that a Westcor-certified title agency is professionally vetted and monitored.”