SOURCE: Snapdocs, Inc.

Snapdocs, Inc.

June 23, 2016 09:00 ET

Mortgage Technology Provider Snapdocs Earns SOC 2 Certification, Affirming Company's Strong Commitment to Privacy, Security and Risk Management

Rigorous Audit Validates Snapdocs as Trusted Partner With Modern Security Measures Built Into Its Online Platform to Protect Customers

SAN FRANCISCO, CA--(Marketwired - Jun 23, 2016) - Snapdocs, Inc., a modern technology platform that simplifies mortgage loan closings, today announced that it successfully completed the Service Organization Control (SOC) 2® Type 1 audit. Launched by the American Institute of Certified Public Accountants (AICPA), the SOC report certifies the service delivery processes and controls of organizations that operate information systems and deliver information system services to other entities.

"SOC 2® compliance speaks volumes in the highly regulated mortgage industry, which is becoming ever more dependent on cloud service providers," commented Snapdocs CEO Aaron King. "Snapdocs is proud to be transparent and undergo a rigorous examination of our airtight information security policies and procedures to build trust with our customers."

Conducted by A-LIGN, a nationwide security and compliance solutions provider, the rigorous SOC 2® audit verifies that Snapdocs' information security policies, practices, procedures and operations meet the SOC 2 standards for the below [1]:

(i) Security - The system is protected against unauthorized access (both physical and logical);

(ii) Availability - The system is available for operation and use as committed or agreed;

(iii) Processing integrity - System processing is complete, accurate, timely and authorized;

(iv) Confidentiality - Information designated as confidential is protected as committed or agreed;

(v) Privacy - Personal information is collected, used, retained, disclosed and disposed of in conformity with the commitments in the entity's privacy notice, and with criteria set forth in Generally Accepted Privacy Principles (GAPP) issued by the AICPA and Canadian Institute of Chartered Accountants.

"As the mortgage industry increasingly turns to outside technology providers to streamline activities that are core to business operations and strategy, having confidence in cloud service providers' operations, processes and results is imperative," added King.

To learn more about Snapdocs' strict privacy, security and risk management standards that keep all parties protected throughout the mortgage process, visit www.snapdocs.com.

About Snapdocs, Inc.

Founded in 2012, Snapdocs provides a modern technology platform to replace outdated and wasteful workflows that are prevalent during the loan closing process. The company ranks and sorts mobile notary signing agents according to performance metrics and creates a more seamless workflow for lenders, title and escrow, document signing services, and real estate professionals. Snapdocs is an alum of Y Combinator, the prestigious Silicon Valley accelerator known for helping to launch trailblazing technology startups. To learn more, go to www.snapdocs.com.

[1]https://www.aicpa.org/interestareas/frc/assuranceadvisoryservices/pages/soclogosinfo.aspx

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