RoundPoint Mortgage Servicing Corporation Passes SAS 70 Type II Audit for Delivering Secure Solutions for Clients

CHARLOTTE, N.C., Oct. 5, 2011 /PRNewswire/ -- RoundPoint Mortgage Servicing Corporation, a leading national mortgage servicing company, has successfully attained its Statement of Auditing Standards No. 70 (SAS 70) Type II certification.

Developed by the American Institute of Certified Public Accountants, the SAS 70 Type II certification is a widely recognized auditing standard used to examine an organization's reporting on controls placed in operations and tests of operational effectiveness.  

The SAS 70 audit confirmed that RoundPoint's financial transactions and confidential client information are being safeguarded by the highest level of data security.

Performed by leading independent auditing firm Grant Thornton, the audit reviewed a number of RoundPoint's business practices, including its infrastructure, security processes, data management policies and recovery procedures.

"This certification validates RoundPoint's practices and resources for hosting and processing sensitive client information are operating at the highest standards," said Dave Worrall, president of RoundPoint Mortgage Servicing Corporation.

Founded in 2007, RoundPoint specializes in servicing credit-sensitive residential mortgage loans. An approved Fannie Mae and Freddie Mac servicer, RoundPoint services approximately $3.5 billion worth of performing and non-performing residential mortgages in all 50 states for a diverse set of clients that include regional banks, credit unions and hedge funds. RoundPoint has market-leading expertise servicing loans involved in both FDIC loss share and structured loan sale transactions.

ABOUT ROUNDPOINT FINANCIAL GROUP

Headquartered in Charlotte, North Carolina, RoundPoint Mortgage Servicing Corporation is a national mortgage servicer approved by HUD, Freddie Mac and Fannie Mae. The Company is a fully owned subsidiary of RoundPoint Financial Group, which also operates a national mortgage lender, RoundPoint Mortgage Company. For more information about RoundPoint, please call (704) 426-8712 or visit www.rpmservicing.com.

SOURCE RoundPoint Mortgage Servicing Corporation