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PRESS RELEASE: NTC Passes a Thorough Audit of its Control Design and Effectiveness with No Exceptions Found

Posted by Gina Morales on Thu, Mar 23,2017 @ 10:03 AM

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Nationwide Title Clearing Inc. passes a thorough audit of its control design and effectiveness with no exceptions found.

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PRESS RELEASE

 NTC Completes SOC 1 Type 2 Examination

 

(Palm Harbor, FL) March 23, 2017 – Nationwide Title Clearing (NTC), the leading post-closing services provider for the nation’s largest financial institutions, investors and servicers, announced today that it has completed the Service Organization Control (SOC) 1, Type 2 examination from the American Institute of Certified Public Accountants. Conducted by a national security and compliance solutions provider, the audit affirms the description of NTC’s systems and the suitability of the design and operating effectiveness of controls.

 “Independent audits by third parties can be time consuming, but they are an excellent method for assuring our customers that we are worthy partners,” said NTC CEO John Hillman. “I’m proud of our team for working through this audit process again, providing the independent examiner with everything required and once again achieving this examination with zero exceptions or gaps in effectiveness.”

 As part of the audit, NTC was required to provide a thorough description of its proprietary technologies and processes as well as describe the suitability of the controls NTC has in place to ensure it achieves its objectives for data confidentiality, integrity and availability. The independent audit company concluded:                          

  • The description NTC provided fairly presents the security controls that were designed and implemented for the period January 1, 2016 through December 31, 2016.
  • NTC’s controls were suitably designed to provide reasonable assurance that client data and information would be safe and secure
  • NTC’s controls were tested and were operating effectively during the period (all of 2016)

“Reports like the SSAE-16 required for this examination give our customers a look into the inner workings of our company,” said Scotty McEntire, NTC’s Chief Information Security Officer. “They deserve to know that their data and information is being processed safely and securely and that all their requirements and those of their regulators are being met. I’m very proud to share this information with them.”

 About NTC

Nationwide Title Clearing, Inc. (NTC) is a privately-owned leading research and document-processing service provider to the residential mortgage industry. NTC services the nation’s top mortgage lenders, servicers, investors and custodians, resulting in an expansion that is also tied to its contribution to its industry and its local community. NTC has won the Tampa Bay Times Top 100 Workplace Designation five times in its history.

For more information, visit the company’s website at www.nwtc.com.

Tags: SOC 1Type 2

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