Dimont & Associates Announces Successful Completion of SSAE 16 Type II Audit
Certification confirms Dimont operations met or exceeded the demanding requirements of the SSAE 16 standard
SAN DIEGO, June 21, 2012 /PRNewswire/ -- Dimont & Associates, a leading nationwide provider of hazard and mortgage insurance claims processing services, today announced it has received SSAE 16 Type II Certification, following an independent accounting firm's detailed review of Dimont's processes and controls relating to operations.
The American Institute of Certified Public Accounts (AICPA), which measures controls and safeguards, replaced SAS 70 with the SSAE 16 in June, 2011 as the authoritative guidance for reporting on service organizations. Dimont has proudly received consecutive certifications since originally applying over 5 years ago.
The SSAE 16 Type II certification attests that Dimont has established control objectives covering the following areas: control environment, risk assessment, monitoring, computer operations, data center operations, access/security, systems development, systems maintenance, and the entire claims process including QA procedures.
"At Dimont, we are committed to operating at a level that meets or exceeds the highest industry and regulatory standards," said Jonny Borok, CFO for Dimont & Associates. "Receiving this SSAE 16 Type II certification affirms Dimont's commitment to compliance in all of our processes and controls while providing industry-best claims processing services. We are extremely pleased to share this news with our clients."
About Dimont & Associates
Founded in 1996, Dimont & Associates leads the industry in providing best-in-class mortgagee claims management services to servicers, investors and government sponsored entities (GSEs). Dimont & Associates is headquartered in San Diego, CA with a production office in Dallas, TX. For more information, call 972.428.6954 or visit our website www.dimontandassociates.com.
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