Commonwealth USA Settlements Earns SOC 2, Type II Certification

February 7, 2017

Commonwealth USA Settlements LLC (CWUSA) has been granted The American Institute of Public Accountants’ Service Organization Control 2 (SOC 2) Type II certification after completing an independent audit process with a third-party Certified Public Accounting firm. 

The  SOC 2, Type II  is a widely-accepted auditing measurement indicating robust controls in the integrity of processing of and protection of confidential data and non-public information (NPI).

The SOC 2, Type 2 certification reports the evaluation of an independent auditor as to the effectiveness of controls at a service organization relative to security, availability, processing integrity, confidentiality and privacy. 

“Mortgage lenders have told us again and again that they need service providers which can not only provide adequate security controls, but document and authenticate them as well,” said Angela Murin, president of CWUSA.  “Unfortunately, few title and settlement agents are able to afford the time, cost and effort it takes to undergo the audit.  We have built our business upon protecting the interests of our lending clients using innovative, overlapping and robust procedures and technologies. For us, the SOC 2, Type 2 is confirmation of the thought and effort we’ve put into that goal from the very beginning.” 

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North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.