Atlanta-based title and settlement services provider Premium Title – a subsidiary of Altisource Portfolio Solutions – has received a MOR RV1 residential vendor ranking for title insurance services from Morningstar Credit Ratings LLC.
Premium Title handles work related to refinance, reverse, home equity line of credit, purchase and sale (both real estate-owned and conventional), construction, and single-family rental transactions. The company closes approximately 2,000 real estate owned sales per month and produces over 5,000 pre-foreclosure property reports (insured and uninsured) per month.
Premium Title has 700 personnel dedicated to providing title services. The company is licensed in 39 states and has tightly integrated title vendors in 11 states.
The ranking is based on a variety of factors, including Premium Title’s “pervasive enterprise risk management culture” and “excellent protocols to ensure compliance with the myriad of state regulations.”
Additionally, Premium Title has successfully obtained the American Land Title Association’s 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.