SALT LAKE CITY, Utah /eNewsChannels/ — International Document Services (IDS), a mortgage document preparation vendor for closing documents, initial disclosures and reverse documents, has announced the successful completion of its full company SAS 70 Type I audit. The audit was performed in late February and will be followed up by a Type II audit in July, which will be repeated on a perpetual basis.
SAS 70 is a widely recognized auditing standard developed by the American Institute of Certified Public Accountants for auditing and reporting on the effectiveness of operations, processes and controls of third-party service providers. It ensures a service organization has been through an in-depth audit of their control activities, which generally includes controls over information technology and related processes. Being a leading service organization in the mortgage industry, IDS recognizes the importance of having a SAS 70 audit, providing its lenders with a third-party validation of its ability to provide secure and reliable operations.
“Mortgage lenders benefit from the expertise and cost effectiveness offered by third-party providers, such as for document preparation, as long as their data is secure both onsite and in transit,” said IDS president Curt Doman. “IDS recognizes the importance of conducting SAS 70 audits as a way to both maintain secure and reliable operations for its lender and attorney users and provide third-party validation of that security and reliability.”
While IDS data centers have undergone SAS 70 audits for several years, the company chose to expand the audit to include the entire company’s operations as a sign of good faith towards its customers, who are required by their auditors to verify that all data-sharing partners have undergone a SAS 70 audit. This full company audit has come with some changes for IDS, including many new security provisions in regards not only to infrastructure and data security, but also building security and employee access. These changes will ensure that customers feel confident in their knowledge of what the controls are, whether the controls are sufficient and if those controls are being enforced.
About IDS Inc.:
IDS is a nationwide provider of mortgage documents and compliance. IDS services include closing documents, reverse documents, initial disclosures and fulfillment. IDS’s solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs. IDS backs the system with unsurpassed customer service, cutting-edge technology, compliance and document guarantees and a solid compliance team. Lenders looking to move forward when it comes to doc prep can visit the IDS Web site at www.idsdoc.com or call 800.554.1872.
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Story References: International Document Services, IDS Inc, a mortgage document preparation vendor for closing documents, initial disclosures and reverse documents, mortgage doc prep, disclosures, compliance, Curt Doman, auditing and reporting on the effectiveness of operations, processes and controls of third-party service providers, Utah company.