Mortgage Services & Real Estate

Many mortgage loan originators outsource various tasks to a mortgage servicer. Not to be confused with the actual lender, the functions of a mortgage servicer vary, but typically include the acceptance and recording of mortgage payments, calculating variable interest rates on adjustable rate loans, payment of taxes and insurance from borrower escrow accounts, negotiations of workouts and modifications of mortgage upon default, and conducting or supervising the foreclosure process when necessary. Since the services provided by mortgage servicers can directly impact borrower payment, pass through amounts to loan investors, and the lender, proper internal controls are mandatory. An SSAE 16 audit will provide the added comfort the lenders need when outsourcing the above tasks to a mortgage servicer.

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SSAE 16 Professionals has assembled top tier leadership to help our clients through the SSAE 16 (SOC 1) and SOC 2 audits.  For further information regarding SSAE 16 reports or to request a fee proposal from SSAE 16 Professionals, please visit our Contact Us page  to submit an informational form or call 866.480.9485 today.  We look forward to hearing from you!