BITS Technology Solutions, LLC assists title agents to comply with the ALTA Best Practices
September 21, 2015
COLUMBIA, SC – BITS Technology Solutions, LLC group of compliance experts assists title agents to comply with ALTA (American Land Title Association) Best Practices by providing SSAE/SOC reports.
Benefits of Completing an ALTA Best Practice Certification
ALTA created best practices to help members highlight policies and procedures the industry exercises to protect lenders and consumers, while ensuring a positive and compliant real estate settlement experience. An ALTA Best Practice Certification will allow you to demonstrate to your clients that you have implemented the 7 pillars that make up the Best Practices effectively. BITS can assist in getting you ready for your certification by consulting and partnering with you in implementing policies and procedures to help you comply.
Benefits of Completing a Service Organization Control Report
A SOC report demonstrates that the organization went through a complex, in-depth audit of various control objectives and activities. Given current security concerns worldwide, it is imperative for service providers to build trust and confidence with customers by keeping confidentiality and security measures in line. BITS Technology Solutions, LLC is pleased to offer consulting services to help you comply with these stringent reports, allowing service organizations to provide peace of mind to their customers. Our company can assist in insuring that a service organization upholds the highest level of internal controls to safeguard customers’ sensitive data and critical IT infrastructure
BITS Technology Solutions, LLC can assist with the following reports:
- SOC 1 – Report is used to perform an attestation on a service organization’s controls that impact their customers’ internal controls over financial reporting.
- SOC 2 – Report of a service organization’s controls that may affect their user entities’ security, availability, processing integrity, confidentiality and/or privacy.
Why BITS Technology Solutions, LLC
We strongly encourage service organizations to engage in SSAE/SOC examinations and reports. BITS Technology Solutions, LLC is able to offer a thorough explanation on the context and requirements of an SOC audit for your understanding. Our approach ensures that your control processes and procedures are properly documented in addition to the completion of a comprehensive risk management assessment and providing organizational advising to reduce regulatory oversight.
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