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GIT Florida Title Services provides lenders with in-depth expertise on a wide variety of title related matters to facilitate the mortgage loan process.
GFT has implemented industry standards to ensure regulatory compliance and the safeguarding of client funds. GIT maintains and controls escrow trust accounts, thus ensuring the verification of every reconciliation and minimization of exposure against potential loss.
GFT has embraced technology solutions to strengthen its core business and ensure compliance of all policies with Federal, State and local laws and regulations. In order to meet the challenges of an evolving market, GFT has also put in place policies to develop performance standards and best practices.
GIT provides lender title insurance products and services including:
- Title Insurance commitments and policies
- Commercial deed and money escrows
- Lenders construction escrow
- Home equity line of credit title insurance
- Search products: ownership, tax and judgment searches
The Greater Illinois Title Company Group of Companies, including GIT Florida Title Services, completed its Service Organization Controls 2 (SOC 2) examination under AT Section 101 and its AT 101 ALTA Best Practices Certification. The examination and certification were conducted by A-LIGN, a licensed CPA firm, accredited ISO 27001 certification body and ALTA Elite Provider. The companies passed both the examination and certification with no exceptions.
Completion of the SOC 2 Type I examination and ALTA Best Practices Certification indicates that GIT Florida Title Services has implemented processes, procedures and controls that have been formally evaluated and tested by an independent accounting and auditing firm according to AICPA Standards. The examination included the company’s controls related to the trust services principles and based on the criteria of security, availability, processing integrity, confidentiality, and privacy.
A SOC 2 examination is widely recognized, because it represents that a service organization has been through an evaluation of their control activities and not only includes the service organization’s system description, but also includes detailed testing of the design of the company’s controls.
We also help organizations with large REO operations handle their business volume more effectively – contact your dedicated account representative today.