TROY, Mich., Oct. 01, 2015 (GLOBE NEWSWIRE) -- Four years after becoming the first AMC to complete the SSAE16 Type 1 Audit, Dart Appraisal (www.DartAppraisal.com), an independently-owned, nationwide appraisal management company (AMC), today announced the successful completion of the Service Organization Controls 2 (SOC 2) Type 1 attestation. This independent attestation validates that Dart Appraisal has suitably designed controls in place for effectively maintaining the security and confidentiality of client information.
“In 2011, Dart Appraisal led the way by becoming the first AMC to complete the SSAE 16 Type 1 Audit,” said Michael Dresden, vice president of operations for Dart Appraisal. “While it was customary in data management and financial sectors, completing the audit was a rare achievement for an AMC at the time. Today we continue to hold ourselves to the highest industry standards. With our successful completion of the SOC 2 review, we have again demonstrated our commitment to retaining the confidentiality and privacy of our clients’ information through effective controls and strict adherence to compliance and security procedures.”
Dart Appraisal was reviewed against the AICPA Trust Services Principles and Criteria for security and confidentiality, which includes a thorough evaluation of the design of a company’s processes, procedures, and controls. UHY LLP, an independent certified public accounting firm conducted the attestation, evaluating the suitability of the design of controls to achieve the related control objectives stated in the description. The successful completion of a SOC 2 Type 1 engagement provides assurance that there are controls in place that meet the security and confidentiality principles.
According to the American Institute of Certified Public Accountants (AICPA), a SOC 2 report “helps differentiate entities from their competitors by demonstrating to stakeholders that the entities are attuned to the risks posed by their environment and equipped with the controls that address those risks.”
Dart Appraisal continues to lead the industry as an exclusive, forward-thinking leader in appraisal management that delivers the quality and accuracy it promises.
Named one of the 50 Best Mortgage Service Providers in America by Mortgage Executive Magazine in 2014 and 2015, Dart Appraisal is an independently-owned, nationwide Appraisal Management Company (AMC) founded in 1993. For two decades, the company has built a reputation of superior customer service combined with innovative technology to deliver accurate and timely residential appraisals. Thousands of orders are tracked in real time using a proprietary order management platform designed and maintained by Dart Appraisal. With a singular focus on appraisal management, Dart Appraisal has developed a direct relationship with both appraisers and clients. The company manages a nationwide appraiser panel that requires appraisers to meet stringent quality standards to ensure local competence and reliable appraisals. www.Dartappraisal.com