At Verifacto, our commitment to safeguarding customer data and maintaining system resiliency is at the core of everything we do. As a leading provider of Loan Management System (LMS) , Dealer Management System (DMS) and insurance tracking solutions, we understand that data security is critical for our clients in the automotive lending space. That’s why we’re excited to announce that Verifacto has achieved SOC 2 Type I certification!
Why is SOC 2 Certification Important?
For those unfamiliar, SOC 2 certification is a rigorous audit conducted by an independent third-party auditor. This certification validates that our systems, processes, and data handling meet the highest industry standards for security, availability, processing integrity, confidentiality, and privacy, as set by the American Institute of CPAs (AICPA).
In short, SOC 2 ensures that Verifacto’s technology and infrastructure are designed to protect sensitive financial data. For lenders, this certification means added confidence in using Verifacto’s solutions to manage loans and insurance tracking while ensuring compliance with the strictest security requirements.
How Did We Achieve SOC 2?
Achieving SOC 2 certification is the result of months of collaboration between Verifacto’s Security, Engineering, and Operations teams. We partnered with expert auditors and used top-tier readiness tools to ensure our internal networks, employee training, system operations, and security measures were up to the mark. The process was extensive, but essential to providing our clients with confidence in the safety and integrity of their data.
What Does This Mean for Our Clients?
With SOC 2 certification, our clients can rest assured that Verifacto is committed to data security and system reliability. Lenders who use our LMS/DMS can trust that their sensitive information is in safe hands, allowing them to focus on what they do best—growing their business and managing loans efficiently.
At Verifacto, we’re not just delivering advanced loan management solutions; we’re ensuring that every transaction is built on a foundation of trust, security, and innovation.
