The StoneHill Group Announces Completion of their Systems and Organization Controls II (SOC2)
ATLANTA, March 28, 2019 /PRNewswire/ -- The StoneHill Group (TSG), a national third-party mortgage services firm announced today the completion of their Systems and Organization Controls II (SOC2) attestation. The attestation engagement report conducted by Robins, Eskew, Smith & Jordan, confirms that TSG has met the standards established by the American Institute of Certified Public Accountants (AICPA) Trust Services Principles related to privacy and security, including physical and logical security, availability, processing integrity and confidentiality.
Chuck Wells, Director of Compliance and Internal Auditing at TSG said about the process, "Our firm has made significant investments in new technology and executive leadership. We are committed to reimagining how audit services are provided in real estate finance. We know that realizing our vision requires examining every aspect of how we do business. Embracing the challenge of a SOC2 attestation, provided us a construct and a process from which to make sure we maintain the operations and compliance rigor that our clients have come to rely on from TSG."
The AICPA created SOC guidelines to provide an authoritative and independent benchmark for service organizations to demonstrate implementation of proper control procedures and practices. The Type 2 report includes detailed testing of operations effectiveness of the described system's security controls. TSG has maintained a SOC1 attestation engagement report since 2009. This next step to the SOC2 level combined with our ongoing SOC1 attestation is important to both TSG and our clients.
"Our clients and in turn their regulators, have been holding us to this type of standard for years now. As we gain traction in the structured finance due diligence, document management, and data governance services markets, we've found that this SOC2 was an explicit mandate. We couldn't be more thrilled with the results and expect this investment will have immediate ROI in terms of new client adoption and overall quality assurance for our operations," said Patrick Gluesing, President and COO of TSG.
About The StoneHill Group, Inc.
Founded in 1996, The StoneHill Group provides nationwide mortgage outsource solutions that include quality control program development and audit services, due diligence, post-closing and shipping, fraud reviews, MERS reconciliation and annual reviews, FHA insuring, underwriting, and loan processing. The company is headquartered in Atlanta, Georgia. For more information on The StoneHill Group, please visit www.stonehillgroup.com or call 1.877.399.1936
PRESS CONTACT:
Steve Arnold, CMB
The StoneHill Group, Inc.
(770) 399-1936
[email protected]
SOURCE The StoneHill Group, Inc.
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