Loan Resolution Corp., a provider of default services with a core competency in short sales, says it has successfully completed its SAS 70 Type II certification audit.
The company became fully compliant in 2009 and completed the SAS 70 Type II audit in December. The SAS 70 - Statement on Auditing Standards No. 70 - Type II is the widely recognized auditing standard developed by the American Institute of Certified Public Accountants.
"This new certification is a result of an intense review of all our activities and processes," says Travis Hamel Olsen, chief operating officer of Loan Resolution.
The new certification focuses on information technology and related processes, including client financial information. In the course of the audit, an independent third party determined that Loan Resolution demonstrated more than adequate controls and safeguards for hosting and processing sensitive customer data.
