Nationwide Title Clearing Inc. (NTC) has recently completed a SAS-70 Type II audit of its general controls supporting the mortgage and financial industry processing services and received the highest possible rating. NTC previously had completed an SAS-70 Type I audit.
In order to complete the audit, NTC's management provided proof that the control objectives were in place and correctly managed for a six-month control period for the significant areas of internal control that support NTC's services. The control objectives in the 2008 report addressed each of the following areas: business process controls, physical security, environmental security, information security, computer operations, data communications and disaster recovery planning.
SOURCE: Nationwide Title Clearing