Title Alliance Receives SOC 1 and SOC 2 Attestation Reports

January 28, 2016

Title Alliance Ltd announced that it has received a Service Organization Control 2 (SOC 2) attestation reports for its financial controls and various company systems from Oread Partners LLC, while its affiliates have received a SOC 1.

The SOC 2 focuses on business’ system security, confidentiality, availability, privacy, and/or processing integrity across your various systems.

“A SOC 2 report provides assurance to lenders that Title Alliance has proper security controls and procedures in place as it relates to the network, applications and non-public personal information they are managing,” said Raja Paranjothi CISA of Oread Partners LLC, a Kansas City based firm specializing in a risk consulting and attestation practice.

The SOC 1 focuses on the company’s internal controls that impact customers’ internal controls over financial reporting. Final SOC 1 reports provide information on controls at a service organization.

“A SOC 1 report is a significant investment in time and resources for any company,” continues Paranjothi. ”By completing a SOC 1 report, Title Alliance and its affiliates have provided comfort and confidence to their lenders that they have proper controls in place as it relates to their employment practices, operations and Information Technology for title insurance services they provide.”

“There are a limited number of companies that have both a SOC 1 and SOC 2 report,” Paranjothi added. “By having both reports, Title Alliance has proved they are committed to doing the right thing for their lenders and consumers.”

The process took approximately six months to complete.

“It remains imperative that we focus on our customer and take every precaution to safeguard their information,” said Jadah Hill, Alliance Title’s regional director who helped lead the project. “Oread Partners came to us as a referral from Marx Sterbcow of Sterbcow Law Group, one of our highly respected RESPA attorneys. Working with Raja has been a pleasure. He will be a valuable part of our organization staying ahead of the curve in our industry.”

Contact ALTA at 202-296-3671 or communications@alta.org.