Commonwealth USA Settlements Earns SOC 2, Type II Certification
February 7, 2017
Commonwealth USA Settlements LLC (CWUSA) has been granted The American Institute of Public Accountants’ Service Organization Control 2 (SOC 2) Type II certification after completing an independent audit process with a third-party Certified Public Accounting firm.
The SOC 2, Type II is a widely-accepted auditing measurement indicating robust controls in the integrity of processing of and protection of confidential data and non-public information (NPI).
The SOC 2, Type 2 certification reports the evaluation of an independent auditor as to the effectiveness of controls at a service organization relative to security, availability, processing integrity, confidentiality and privacy.
“Mortgage lenders have told us again and again that they need service providers which can not only provide adequate security controls, but document and authenticate them as well,” said Angela Murin, president of CWUSA. “Unfortunately, few title and settlement agents are able to afford the time, cost and effort it takes to undergo the audit. We have built our business upon protecting the interests of our lending clients using innovative, overlapping and robust procedures and technologies. For us, the SOC 2, Type 2 is confirmation of the thought and effort we’ve put into that goal from the very beginning.”
Contact ALTA at 202-296-3671 or communications@alta.org.