Pewaukee, WI, November 17, 2011 --(PR.com
)-- Mortgage Delivery Specialists LLC (MDS), the premier provider of GSE/Agency Loan Delivery Services, is pleased to announce that it has recently completed an audit of its mortgage loan analysis, servicing portfolio analysis and Agency securitization delivery services. The Type 2 audit was performed by a nationally recognized independent auditing firm for the period April 1, 2011 to September 30, 2011 in accordance with the AICPA's SSAE No. 16.
MDS' Management is committed to preserving the security and privacy of its information and information resources and has developed a set of internal controls to ensure the confidentiality, integrity and availability of information. The SSAE 16 Type 2 Audit, the newest standard in third party service organization audits, provides an independent, third party verification of management's assertion that a service organization's policies and procedures are correctly designed and operating effectively throughout a specified period in order to achieve the specified control objectives.
Kent Loehrke, MDS' owner and founder, affirms MDS' commitment to annual audits. "We dedicate part of our annual budget to reviewing, updating and auditing our information security policies, processes, standards and procedures. Completing a third party audit is an integral part of ensuring that we maintain a secure environment that safeguards our clients' information and identifies any issues that need to be remediated," said Loehrke.
Control objectives developed by MDS Management and included as part of MDS' 2011 SSAE 16 Type 2 audit include:
Data Review and Processing
Following this rigorous examination, the service auditing firm was able to issue an unqualified opinion regarding each of the areas described above.
"We continue to improve the security controls within MDS and often exceed our clients' requirements for information protection. We were a bit apprehensive about the new standards in auditing with the implementation of SSAE 16 but came through with flying colors," added Mr. Loehrke.
About SSAE 16
As of June 15, 2011, SSAE 16 superseded SAS 70 as the audit standard for service organization auditors. SSAE 16 was adopted by the American Institute of Certified Public Auditors (AICPA) in an effort to establish a more uniform reporting standard.
About Mortgage Delivery Specialists (MDS)
Mortgage Delivery Specialists LLC (MDS) is the premier provider of mortgage loan analysis and Agency securitization delivery services. MDS leaders have over 70 years of combined experience in assisting mortgage lenders with their mortgage loan delivery and servicing analysis needs. MDS also recently completed its verification in the GSE ULDD XML loan delivery data format.