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DartAppraisal.com Completes First in Industry SSAE 16 Type 1 Audit(November 02, 2011)
TROY, MI -- (Marketwire) -- 11/02/11 -- DartAppraisal.com, a nationwide residential appraisal management company, announces its successful completion of the Statement on Standards for Attestation Engagements (SSAE) 16 Type 1 Audit. DartAppraisal.com was reviewed against the Service Organization Control (SOC) Type 1 engagement of SSAE 16, which includes a thorough evaluation of the design of a company's processes, procedures, and controls. A SSAE 16 examination is widely recognized, because it signifies that the control activities of a service organization have been designed to uphold the rigorous demands of a financial audit.
UHY, LLP, an independent accounting firm, conducted the audit, evaluating the suitability of the design of controls to achieve the related control objectives stated in the description. The successful review of a SOC Type 1 engagement ensures there is a system in place for reporting on the financial aspects of a company's security, compliance, and operational controls. While customary in data management and financial sectors, completing a SSAE 16 review is a rare achievement for an Appraisal Management Company (AMC).
A significant element of DartAppraisal.com's success as an AMC is their continued investment in technology. One recent example includes their real-time reporting interface Dart Tracker and Dart Tracker Plus -- exclusively designed to fully engage the client into the appraisal process. Several other recent technological advances that address the rapidly changing marketplace include Dart Express, Dart Link, and Dart Adapt.
"By successfully passing a SSAE 16 Type 1 audit, we continue to demonstrate our commitment to proper controls and security in our corporate structure," said Darton Case, President of DartAppraisal.com. By being the only AMC to complete the SSAE 16 Type 1 Audit, DartAppraisal.com continues to solidify its position as an exclusive, forward-thinking leader in appraisal management that can deliver the quality and accuracy it promises.
DartAppraisal.com is a leading independent provider of nationwide residential real estate valuations. The Troy, Michigan-based company provides appraisal management services, automated valuation models (AVMs), and other custom valuation solutions for hundreds of clients.
DartAppraisal.com uses leading edge proprietary technology to manage a panel of 10,000 state licensed appraisers and is committed to providing the highest quality and efficiency. www.DartAppraisal.com.
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