August 13, 2018 prod360
Bay National Title Company, a national title agent and settlement services provider, announced today that it has demonstrated its continued commitment to data security and privacy by completing a meticulous outside audit of its Service Organization Controls 1 Type 1 standard. This is the third annual audit BNTC has completed.
The rigorous examination that led to the achievement was administered by the IT assurance and compliance staff at 360 Advanced, a respected national Qualified Security Assessor, HITRUST CSF Assessor and CPA firm based in St. Petersburg, Fla.
The successful completion of BNTC’s third annual SOC 1 Type 1 examination demonstrates BNTC’s consistent commitment to create and maintain the most stringent controls needed to ensure the highest quality and security of services provided to their clients. Companies who complete an annual SOC 1 examination can demonstrate a substantially higher level of assurance and operationally visibility than those companies which do not.
“Completing an annual SOC 1 Type 1 examination is a worthwhile endeavor for BNTC as it serves both clients and consumers through the improvement of our operational efficiencies,” said Evan Grimm, founder and Chairman of BNTC. “And implementing best practices is just where we start. We adopt the most stringent state regulations, nationwide, as they become law. Our goal is to lead our industry by example.”
ABOUT BAY NATIONAL TITLE COMPANY
Bay National Title Company is dedicated to offering a better closing experience with excellent customer service and digital closing solutions. Through the application of innovative industry technology, BNTC is able to provide safe, secure, and accessible title and settlement services. By utilizing the latest software, Bay National Title makes the closing process quick and painless for both beginners and experts in real estate and mortgage lending nationwide.