Jersey City, New Jersey – April 2014 – Street Solutions, Inc., announced today that it has completed a SOC 1 (Statement on Standards for Attestation Engagements No. 16 (“SSAE 16”)) Type 2 examination. The examination was performed by 360 Advanced, P.A., a full-service audit and consulting firm that specializes in integrated compliance solutions, including conducting SOC 1 examinations. SSAE 16, developed by the American Institute of Certified Public Accountants (“AICPA”), is the most widely recognized authoritative guidance that provides service organizations a uniform method for disclosing independently assessed information about the design and operation of internal controls related to their services. Companies who complete an annual SOC 1 examination are able to demonstrate a substantially higher level of assurance and operationally visibility than those companies who do not.
The completion of the SOC 1 (SSAE 16) Type 2 examination typifies Street Solutions, Inc.’s continued commitment to create and maintain the most stringent controls needed to ensure the highest quality and security of services provided to their customers. The Service Auditors’ Report issued by 360 Advanced, with an unqualified opinion, demonstrates that Street Solutions, Inc.’s control activities were effectively designed and in operation throughout the reporting period.
“Completing our SOC 1 Type 2 audit is an important milestone in the evolution of SSI’s LMS loan platform”, said Sundeep Amrute, managing principal of Street Solutions. “The SSAE 16 gives SSI customers confidence that our products and services will continue to meet the demands of increasingly rigorous industry regulations and standards, so they can focus on building their core businesses.”
The Service Auditors’ Report includes a detailed description of Street Solutions, Inc.’s controls and an independent assessment of whether the controls are placed in operation, suitably design, and operating effectively. To receive a copy of the Service Auditors’ Report, or for any further questions, please contact Sundeep Amrute.
About Street Solutions, Inc.
SSI is a privately owned software and services company based in Jersey City, New Jersey, that develops software for the financial sector with a focus on the secondary mortgage loan market. The SSI client profile includes investment banks, hedge funds, mortgage companies and government entities. SSI began operations in May of 1999 as a financial technology consulting firm and switched to pure product development in 2003. In 2008, SSI opened its first hosting facility and began hosting its solutions for clients.