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Title industry embraces internal control standards
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Industry News, Operations
Tuesday, January 21, 2014
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In response to their customers’ demands, title agencies are announcing the completion of the Statement on Standards for Attestation Engagements 16 and Service Organization Control audits. This achievement provides a marketing advantage over competitors and differentiates them from the competition. Customers can feel confident in the overall control environment at the agency and that their non-public information is safeguarded. It’s also an independent verification the controls are in place.
The Title Report spoke with Raja Paranjothi of Mayer, Hoffman and McCann regarding these reports to find out what they are and how they are helpful to the industry.
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