Mortgage Delivery Specialists LLC (MDS) reports that it has completed a SAS 70 Type 1 audit of its mortgage loan analysis, servicing portfolio analysis and agency securitization delivery services. The audit was performed by a nationally recognized independent auditing firm in September.
‘Completing a SAS 70 audit was an important part of our 2010 business plan,’ says Kent Loehrke, MDS' owner and founder. ‘Developing and maintaining a secure environment that safeguards our clients' information and withstands audit scrutiny is a critical part of our overall operation.’
In order to complete the audit, MDS management developed control objectives for control environment, physical security, environmental protection, computer operations, information security, data communications and privacy.
The company says it has engaged its service auditor to a long-term contract whereby MDS will undergo a Type 2 audit on an annual basis.
SOURCE: Mortgage Delivery Specialists