Qualia Achieves SOC 2 Information Security Certification

February 23, 2017

Qualia, a provider of title settlement software, has earned the American Institute of Certified Public Accountants’ (AICPA’s) Service Organization Control 2 (SOC 2) certification after completing an independent audit process with a third-party certified public accounting (CPA) firm. The certification serves as independent validation of the effectiveness of Qualia’s process, procedures and controls for maintaining data security and the confidentiality of client information.

“Qualia is committed to protecting our customers’ security using the most advanced technology and highest standards,” said Nate Baker, CEO of Qualia. “As mortgage lenders are increasingly expecting their service providers to verify security controls, our customers are able to guarantee best-in-class security without having to undergo a costly and time-intensive security audit.”

Per the AICPA, the SOC 2 report is designed to provide a better understanding of an organization’s “internal control[s]…as it relates to security, availability, processing integrity, confidentiality and privacy.” Qualia underwent the SOC 2, Type 1 audit, which analyzes an organization’s “system and the suitability of the design of controls” to ensure the organization has adequately met the following criteria:

  • Security – The system is protected against unauthorized access.
  • Availability – The system is available for operation and use as committed or agreed.
  • Processing integrity – System processing is complete, valid, accurate, timely and authorized.
  • Confidentiality – Information designated as confidential is protected as committed or agreed.
  • Privacy – Personal information is collected, used, retained, disclosed and destroyed in accordance with the organization’s privacy notice.

“Given the sensitive nature of the information that is exchanged during the closing process, maintaining data security and privacy must be paramount for all parties in the transaction,” Baker added. “The SOC 2 certification provides a definitive statement of security assurance, allowing our customers to promote their security practices as a competitive differentiator when financial institutions are evaluating a settlement provider.”

Contact ALTA at 202-296-3671 or communications@alta.org.

Nothing about ALTA SPRINGBOARD is traditional. This casual event breaks the mold of what it means to attend a conference. Networking can be difficult even in the best of times, but at ALTA SPRINGBOARD, we do the heavy lifting for you. Check out the fan favorite networking event, Braindates, here. Join us for a customized experience where you will be matched with like-minded people who share your passions—and can talk you through your challenges! Attend ALTA SPRINGBOARD and take your business to the next level. Protect new homeowners with the right title support services like municipal lien searches, tax certificates, lien release tracking, and more.