Green River Capital (GRC), a real estate owned asset management and loss mitigation provider, and its sister company, GR Financial (GRF), have completed an audit of their internal controls by an independent CPA firm and have a SAS 70 Type I report available for their clients and clients' auditors.
The GRC and GRF have also embarked on SAS 70 Type II and SSAE 16 certifications, which will result in audits and reports to be completed in the next four and 12 months, respectively, the companies say.
GRC and GRF's SAS 70 report provides details of the companies' control environment, including controls of information technology (IT) and operations. The IT controls focus on the areas of system and logical access, backup and recovery, system and application change management, and job scheduling.
SOURCE: Green River Capital