Mortgage document preparation vendor International Document Services, Inc. (IDS) today announced that it has passed its first Service Organization Control (SOC) 2SM audit with no exceptions. According to the American Institute of CPAs (AICPA), the organization that created the audit, SOC 2’s purpose is to assess the ‘controls at a service organization relevant to security, availability, processing integrity confidentiality, or privacy.’
“The CFPB has taken a hard stance on vendor management, and we’ve experienced a huge demand from our clients for verification of our processes, especially where privacy is concerned,” says IDS Executive Vice President Mark Mackey. “By undergoing the rigorous SOC 2 audit, we’re able to provide our clients certified proof of the integrity of our processes.”
SALT LAKE CITY, Utah /Mortgage and Finance News/ — Mortgage document preparation vendor International Document Services, Inc. (IDS) today announced that it has passed its first Service Organization Control (SOC) 2SM audit with no exceptions. According to the American Institute of CPAs (AICPA), the organization that created the audit, SOC 2’s purpose is to assess the “controls at a service organization relevant to security, availability, processing integrity confidentiality, or privacy.”
“The integrity of our services is based on the ability to secure our clients’ nonpublic personal information and maintain the availability of our product 24/7, especially during critical work hours,” says IDS In-house Counsel Clint Salisbury. “As a result, IDS is committed to conducting this audit yearly in addition to our annual SSAE-16 audit that was recently completed.”
The audit, which reviewed company activities occurring between Dec. 1, 2013 and May 13, 2014, involved answering and verifying more than 100 questions regarding IDS’s policies, procedures and services. Auditors also lengthy on-site visits to IDS’s office to verify and test the security of IDS’s systems and availability of services in association with these questions.
“The CFPB has taken a hard stance on vendor management, and we’ve experienced a huge demand from our clients for verification of our processes, especially where privacy is concerned,” says IDS Executive Vice President Mark Mackey. “By undergoing the rigorous SOC 2 audit, we’re able to provide our clients certified proof of the integrity of our processes.”
About IDS, Inc.:
IDS, founded in 1986 in Salt Lake City, Utah, is a nationwide provider of mortgage documents and compliance. IDS services include closing documents, initial disclosures and fulfillment. The IDS flagship doc prep solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs. The system is backed with compliance and document guarantees. IDS succeeds with unsurpassed customer service, sophisticated technology, and a diligent compliance team.
More information: visit the IDS website at http://www.idsdoc.com/ or call 800-554-1872.
Related link: http://info.idsdoc.com/
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