Company Receives Highest Rating for Sixth Consecutive Year – SOC2 Type2
HUDSON, OHIO, August 1, 2017 — Millennium Capital and Recovery Corporation, a leader in nationwide recovery management services, has achieved the AT101 Service Organization Controls (SOC) SOC2 Type2 Report (or SOC II Type II) for the sixth consecutive year since the standard was established in 2012.
The SOC2 Type2 examination has taken on greater significance over the past couple of years as consumer lenders work to attain greater assurances regarding their vendor’s standards of compliance. Doing so is critical as consumer lenders strive to meet increasing regulatory demands and CFPB compliance requirements.
Millennium’s CEO Bob Bronchetti states, “This report reflects Millennium’s commitment to ensuring the highest levels of compliance in support of our market leading clients and their executive management teams. This along with our company’s recently announced ComplianceFIRST Solutions™ suite of programs are being recognized in the industry as the path forward relating to compliance.”
Millennium is the only outsourced national provider that is SOC2 TYPE2 audited every year since the inception of the standard in 2012.
Millennium’s full report covers the areas of security, availability and confidentiality controls. The entire report is available to Millennium’s customers and prospective customers, and their auditors for use in satisfying their risk management and governance requirements.
For more information about the SOC2 Type2 audit, please visit this link.
About Millennium Capital and Recovery Corporation®
Millennium Capital and Recovery Corporation was founded in 1999 and is a leader in the recovery management industry serving consumer lenders on a national basis. The company provides a full-range of recovery services that include nationwide recovery management, skip tracing, impound negotiation, transportation, and industry-leading proprietary ComplianceFIRST SolutionsTM program. Millennium is a certified Women’s Business Enterprise (WBE) and has achieved the Service Organization Controls (SOC2) Type2 Internal Audit certification for five consecutive years. Headquartered in Hudson, Ohio, a suburb of Cleveland, Millennium is a privately-held company. For more information, visit NationwideRecoveryManagers.com or call 877.500.6272.