TORONTO, ONTARIO – July 31, 2024 — We are excited to share that Mortgage Automator has achieved the System and Organization Controls (SOC) 2 Type II compliance, showcasing our dedication to top-tier data and cyber security.
SOC 2, developed by the American Institute of CPAs (AICPA), sets stringent criteria for managing customer data across five key principles: security, availability, processing integrity, confidentiality, and privacy.
What is the difference between SOC 2 Type I and Type II?
SOC 2 compliance comes in two types, primarily distinguished by the audit duration and depth. SOC 2 Type II compliance is more comprehensive and rigorous. It assesses compliance over an extended period, typically three to twelve months. This compliance not only examines the design of controls but also their operational effectiveness, taking into account their actual use and evolution over time. This continuous monitoring and regular verification process provide a higher level of assurance regarding the quality and security of the organization’s services.
What are the benefits for our clients?
By obtaining the SOC 2 Type II compliance, Mortgage Automator reaffirms our commitment to protecting every transaction and piece of data with the highest industry standards.
Achieving SOC 2 compliance involved:
- Evaluating the design and operational effectiveness of our controls
- Conducting detailed examinations of vendor and third-party security practices
- Implementing comprehensive policies to ensure continuous protection for both clients and employees
Beyond the SOC 2 compliance, here’s how we help our clients stay ahead in the ever-evolving landscape of data security:
- SSL Encryption: We use industry-standard SSL encryption to protect data in transit, ensuring that sensitive information is securely transmitted.
- Intrusion Detection and Prevention Systems (IDPS): Our systems are monitored 24/7 to detect and prevent any unauthorized access.
- Data Redundancy and Backup: We implement advanced data redundancy and backup protocols to ensure data availability and integrity, even in the event of hardware failures or other incidents.
- Role-Based Access Control (RBAC): Access to data is strictly controlled and monitored, with permissions granted based on user roles to minimize the risk of unauthorized access.
- Regular Security Audits and Penetration Testing: We conduct regular audits and penetration testing to identify and address potential vulnerabilities.
Our comprehensive security measures demonstrate our steadfast commitment to protecting your data, both now and in the future. Learn more about our security protocols and processes here.
About Mortgage Automator
Mortgage Automator is a modern SaaS platform and ecosystem that serves the full private and asset-based lending value chain. Built by industry veterans, its advanced end-to-end offering including origination, servicing, and reporting helps private lenders grow faster and more efficiently. Mortgage Automator manages daily workflow for customers and provides them access to an unparalleled 360 degree private lending community. The company has achieved the industry’s top accolades for product innovation and customer service including Innovator of the Year and Service Provider of the Year by AAPL.
