{"id":103425,"date":"2024-02-06T07:00:23","date_gmt":"2024-02-06T12:00:23","guid":{"rendered":"https:\/\/www.send2press.com\/wire\/?p=103425"},"modified":"2024-02-05T17:30:38","modified_gmt":"2024-02-05T22:30:38","slug":"soc-1-and-2-reports-confirm-the-reliability-and-security-of-dovenmuehles-mortgage-subservicing-processes","status":"publish","type":"post","link":"https:\/\/www.send2press.com\/wire\/soc-1-and-2-reports-confirm-the-reliability-and-security-of-dovenmuehles-mortgage-subservicing-processes\/","title":{"rendered":"SOC 1 and 2 reports confirm the reliability and security of Dovenmuehle&#8217;s mortgage subservicing processes"},"content":{"rendered":"<p>LAKE ZURICH, Ill., Feb. 6, 2024 (SEND2PRESS NEWSWIRE) &#8212; Dovenmuehle Mortgage, Inc., a leading mortgage subservicing company, announced today that Plante Moran, PLLC, a public accounting and business advisory firm, has published the findings of its annual review of Dovenmuehle\u2019s subservicing operations via Service Organization Control (SOC) 1\u00ae Type 2 and SOC 2\u00ae Type 2 reports. The latest SOC 1 and SOC 2 reports confirm that Dovenmuehle has suitable internal systems, organization and information security controls for financial reporting and safeguarding clients\u2019 confidential data based on the specific requirements of these independent third-party reviews.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.send2press.com\/wire\/images\/23-0321-s2p-dovenmuehle-800x600.jpg\" alt=\"Dovenmuehle Mortgage\" width=\"800\" height=\"600\" class=\"alignnone size-full wp-image-89286\" srcset=\"https:\/\/www.send2press.com\/wire\/images\/23-0321-s2p-dovenmuehle-800x600.jpg 800w, https:\/\/www.send2press.com\/wire\/images\/23-0321-s2p-dovenmuehle-800x600-400x300.jpg 400w, https:\/\/www.send2press.com\/wire\/images\/23-0321-s2p-dovenmuehle-800x600-200x150.jpg 200w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><br \/><em>Image Caption: Dovenmuehle Mortgage.<\/em><\/p>\n<p>\u201cTo mitigate risk for our clients and provide them with the necessary reassurance of the security and integrity of our operations and reporting, Dovenmuehle willingly undergoes rigorous SOC reviews. We are deeply committed to protecting our clients\u2019 and borrowers\u2019 confidential information and complying with intricate regulatory requirements to reduce risk for our clients,\u201d said Dovenmuehle Senior Vice President of Business Development David Allison.<\/p>\n<p>The SOC 1 Type 2 Report evaluates the effectiveness of Dovenmuehle\u2019s internal controls for financial reporting, assuring clients that their financial data is secure and safe. Additionally, the SOC 2 Type 2 report evaluates the security, availability and confidentiality of Dovenmuehle\u2019s subservicing operations, demonstrating alignment with current data protection requirements. Notably, the SOC 2 report evaluates Dovenmuehle\u2019s internal controls related to:<\/p>\n<ul>\n<li>Privacy \u2013 Personal information is gathered, compiled, handled, kept, released and disposed of in compliance with the company\u2019s privacy statement.<\/li>\n<li>Availability \u2013 The system is accessible and utilized as promised or planned.<\/li>\n<li>Security \u2013 The system is shielded from unapproved entry.<\/li>\n<li>Processing integrity \u2013 System processing is thorough, accurate, correct, relevant and certified.<\/li>\n<li>Confidentiality \u2013 Information designated as confidential is safeguarded according to commitment or agreement.<\/li>\n<\/ul>\n<p>The SOC 1 Type 2 report is now available to all Dovenmuehle clients via DMIConnect under the \u201cDMI Corporate Documents\u201d tab. Clients can also request the reports from their Account Manager.<\/p>\n<p><strong>About Dovenmuehle<\/strong>:<\/p>\n<p>Founded in 1844, Dovenmuehle (Lake Zurich, Ill.) is a mortgage subservicer for commercial banks, credit unions, independent mortgage lenders, MSR investors and state housing finance agencies nationwide. The company subservices portfolio loans, as well as loans sold to Fannie Mae, Freddie Mac, Ginnie Mae and the Federal Home Loan Bank with servicing retained. Using a combination of best-in-class and proprietary technology, Dovenmuehle helps lenders reduce servicing costs and deliver consistently high levels of service to homeowners while maintaining compliance with investor and regulatory requirements. Learn more at <a href=\"https:\/\/dovenmuehle.com\/\">https:\/\/dovenmuehle.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LAKE ZURICH, Ill., Feb. 6, 2024 (SEND2PRESS NEWSWIRE) &#8212; Dovenmuehle Mortgage, Inc., a leading mortgage subservicing company, announced today that Plante Moran, PLLC, a public accounting and business advisory firm, has published the findings of its annual review of Dovenmuehle&#8217;s subservicing operations via Service Organization Control (SOC) 1&#xae; Type 2 and SOC 2&#xae; Type 2 reports.<\/p>\n","protected":false},"author":9541,"featured_media":89286,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[39,12804,1,38,53],"tags":[205,19060,18910],"class_list":["post-103425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mortgage-news","category-ap","category-business-news","category-finance-news","category-illinois-news","tag-depthpr","tag-mortgage-subservicing","tag-soc-2-type-1-compliance","has-post-title","has-post-date","no-post-category","no-post-tag","no-post-comment","has-post-author"],"acf":[],"views":2857,"_links":{"self":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/103425","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/users\/9541"}],"replies":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/comments?post=103425"}],"version-history":[{"count":0,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/103425\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media\/89286"}],"wp:attachment":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media?parent=103425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/categories?post=103425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/tags?post=103425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}