Approved by the American Institute of Certified Public Accountants, SOC 2 Type 2 status demonstrates superior internal governance and risk management systems

Candor Technology has kicked off 2022 by demonstrating its security and availability, as the Loan Engineering System received its SOC 2 Type 2 certification.

The SOC 2 Type 2 report is the most comprehensive certification within Systems and Organization Control (SOC). The extensive evaluation and examination demonstrate Candor’s systems and controls to keep sensitive data safe and secure.

SOC 2 trust categories include security against attacks, processing integrity, data confidentiality, personal information privacy, and service availability.

“Obtaining the SOC 2 Certification reinforces Candor Technology’s steadfast commitment to the security, availability, and integrity of the Loan Engineering System," commented Oliver Vagner, Candor Technology’s CTO. "Our customers can feel confident that we make every effort to establish and maintain exceptional protection protocols, security standards, firewalls, and support."

The certification was completed by an independent service auditor. The auditor's report provides reasonable assurance that Candor Technology’s controls are appropriately designed, and that service commitments and system requirements are achieved based on the trust services criteria relevant to Security (applicable trust services criteria) set forth in TSP 100, 2017 Trust Services Criteria for Security, Availability, Processing Integrity, Confidentiality, and Privacy (AICPA, Trust Services Criteria).

ABOUT CANDOR TECHNOLOGY

Candor Technology’s Loan Engineering System is in a category all its own: Mortgage Decision Sciences Technology. The first of its kind machine automates the costliest portion of origination: the credit & information risk assessment conducted by underwriters. With the power to automate the intellect and judgment required to make underwriting decisions, lenders can consistently originate high quality, high margin mortgage loans. With Candor, lenders get the velocity to scale to meet any market cycle demand with no change in personnel. Calculate Candor ROI here.

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