Lendsnap, Inc. has successfully completed the SOC (Service Organization Control) 1-SSAE 16 Type II audit for 2016. This means that the controls that Lendsnap have in place and maintain indicate the highest levels of security for its business and customers. Additionally, the completion of the audit indicates Lendsnap’s suitable control environment that we have developed to properly serve our customers.
Service Organization Control Reports® are internal control reports on the services provided by a service organization providing valuable information for users to assess the risk mitigation efforts established by an outsourced service. Though consumers are probably not familiar with the SOC audit, mortgage lenders recognize it as the primary indicator of appropriate company policies, identification and mitigation of security risks, internal controls, appropriate information access, and implementation of logical and physical security required of banking and financial service providers.
Lendsnap is proud to have completed the 2016 audit with positive results across the spectrum of established policies, procedures, controls and physical and logical security.