Flueid, a fast-growing mortgage technology leader providing modern digital solutions to traditional inefficiencies in the mortgage lifecycle through its Flueid platform, today announced that it has successfully achieved SOC 2 Type 1 compliance. A widely recognized auditing standard developed by the American Institute of Certified Public Accountants (AICPA), SOC 2 Type 1 compliance verifies Flueid’s control objectives and control activities meet relevant trust principles, verified through an in-depth audit relevant to security, confidentiality, and availability.
The SOC 2 Type 1 report, conducted by BDO, evaluated and issued an opinion on the controls, procedures, and documentation around Flueid’s security practices and examined the design suitability and operating effectiveness of applicable security controls in the Flueid platform and products.
“At Flueid, information security is at the core of our operations as a handler of confidential customer data,” said Ryan Jaeger, CIO for Flueid. “By voluntarily meeting the exacting standards and industry benchmarks of the AICPA, this compliance underscores that Flueid has built a culture dedicated to safeguarding customer data with extensive processes and security controls that includes strict endpoint management, extensive employee security awareness training, and comprehensive vulnerability management.”
Flueid plans to achieve SOC 2 Type 2 certification by the end of May 2021. The Company is current with the latest Standard Information Gathering (SIG) standards, both operationally and for cloud-based controls. The SOC 2 Type I audit report is available to Flueid customers and prospects under NDA upon request.
Flueid is on a mission to streamline the real estate lifecycle experience for everyone. With broad strategic, design, technology and operational experience within the entire real estate ecosystem, our goal is not to eliminate critical functions within the process, but to re-think them and make them smarter, which ultimately increases productivity and reduces redundancy and cost. Working with major mortgage lending, servicing, settlement service, and FinTech and PropTech partners, Flueid develops key solutions that streamline real estate transaction workflow, automates the delivery of risk-eliminating information during closing, and optimizes business processes throughout the entire process. For more information, please visit https://www.flueid.com/.