""Loan Resolution Corporation"":http://www.loanresolution.com/ (LRC), a pre-foreclosure asset manager based in Scottsdale, Arizona, recently[IMAGE]
announced that it has successfully completed its Statement on Auditing Standards No. 70 (SAS 70) Type II certification, the widely recognized auditing standard developed by the American Institute of Certified Public Accountants.
""This new certification is a result of an intense review of all our activities and processes,"" said Travis Hamel Olsen, chief operating officer of Loan Resolution Corporation. ""It truly separates us from the rest of the pack.""[COLUMN_BREAK]
The completion of SAS 70 Type II certification comes as LRC continues to take on top-five servicers as short sale clients, and it ensures total security for all client information. The certification focuses on information technology and related processes, including client financial information.
In the course of the extensive audit, an independent third party determined that LRC demonstrated more than adequate controls and safeguards for hosting and processing sensitive customer data.
""The SAS 70 Type II certification is only given after a stringent review of all company practices and procedures,"" Olsen added. ""The SAS 70 gives peace of mind to each and every one of our clients.""
In addition to the completion of this new certification, LRC remains fully compliant with the Federal Debt Collection Practices Act and is capable of assisting mortgage services with their growing volume of delinquencies.
LRC offers a variety of default services, with short sales being its core competency. In addition to offering component short sale processing, the company pioneered the proactive end-to-end short sale process by being the first service provider to implement such services.