Premium Title, based in
The Morningstar ranking is based on a variety of factors, including:
- Premium Title's pervasive enterprise risk management culture that consists of compliance, internal audits, self-risk assessment protocols, quality assurance, and a robust vendor management oversight group. In addition, the company has an extensive training curriculum that promotes a continuous learning environment along with comprehensive policies and procedures that serve to ensure that employees are performing their responsibilities in accordance with industry best practices.
- The company engages a third-party auditing firm to produce a SOC 1 audit report on an annual basis.
- Premium Title has excellent protocols to ensure compliance with the myriad of state regulations that govern the title insurance services market as well as underwriter licensing requirements.
- Premium Title has successfully obtained the
American Land Title Association(ALTA) Best Practices Certification, a designation that recognizes the company for complying with the seven pillars established under the certification requirements, as verified by a third-party accounting firm.
- Premium Title benefits from a solid technology environment that includes a title insurance order processing system that provides quality control and accounting functionality. The company has a well-defined project management process, effective network security protocols, and a disaster recovery and business continuity plan that leverages the company's numerous office locations for redundancy.
The company's strategic growth plan is to continue innovating and enhancing closing and title solutions for top and mid-tier mortgage lenders along with deeper expansion into large bulk securitization transactions for the investor services segment.
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SOURCE Morningstar, Inc.