SOC II Evaluation
- Second Annual Evaluation of Practices & Procedures -
Associated Software Consultants, Inc. (ASC), a leading provider of loan automation software to the mortgage industry, announced that it has successfully completed its SSAE 16 SOC 2 Type II evaluation. An independent accounting entity thoroughly tested and reported on ASC’s procedures and practices including security of its systems, controls and facility.
This is the second annual SOC 2 evaluation that ASC, the developer of the PowerLender LOS, has undertaken. ASC has had successful annual SAS-70 evaluations since 2003 until the introduction of the more comprehensive SOC 2 evaluation in 2011. The complete evaluation report is available to users of ASC’s PowerLender® Loan Origination System, Hosted PowerLender LOS, RemoteLender® LOS, PowerSeller® Secondary Marketing & Risk Management System and Hosted PowerSeller®, as well as prospective clients under agreement.
“We are pleased to be able to assure lenders that their security and protection holds a high priority with us,” said ASC President Tim Liston. “Being a pioneer in undergoing these testing procedures has greatly assisted our clients in evaluating their own operations position on an annual basis.”