Sun Hung Kai Pties (HKG:16)

Back to 16
Vendor Resource Management, Inc. Completes SOC 1 Attestation Engagement

CARROLLTON, Texas, March 8, 2012 (GLOBE NEWSWIRE) -- Vendor Resource Management, Inc., ("VRM") a full service, nationwide asset management company today announced that it has completed its Service Organization Control ("SOC") attestation engagement, commonly referred to as a SOC 1 engagement. The SOC 1 engagement was conducted by a nationally recognized independent auditing firm pursuant to Statement on Standards for Attestation Engagements ("SSAE") No. 16, Reporting on Controls at a Service Organization ("SSAE 16") issued by the American Institute of Certified Public Accountants ("AICPA"). In June 2011, SSAE 16 replaced the AICPA's Statement on Auditing Standards No. 70, Service Organizations, ("SAS 70") with required reporting being applicable to service organizations for periods ending on or after June 15, 2011.

VRM's SSAE 16 Type II report covers the period of June 1, 2011 to November 30, 2011. As an SSAE 16 compliant company, VRM has demonstrated its firm commitment to providing its customers with asset management services that are subject to the highest standards in processing, controls and procedures.

In making the announcement, VRM's President and Chief Executive Officer, Keith D. Murray, said, "As a corporate best practice, we continually review our control environment and evaluate our risk assessment processes. Our management team views this on-going commitment very seriously. Augmenting our oversight efforts with an SSAE 16 attestation process provides assurance to our clients that our organization's control activities are subject to an in-depth evaluation and that VRM adheres to its established controls." 

About Vendor Resource Management, Inc.

VRM is the leading national REO Asset Management and Loss Mitigation Company specializing in reducing marketing time while maximizing loan recovery. An affiliate of PCV Murcor Real Estate Services, a respected, nationwide provider of collateral valuations, property appraisals and broker price opinions since 1981, VRM provides expert asset management and offers corporate sellers full service REO processing from its Carrollton, Texas headquarters.  A recognized leader in the industry since 2006, VRM has assisted in the marketing and management of over 350,000 REO asset dispositions and was the 2011 recipient of four Pinnacle Awards, including Best Overall Outsourcer. VRM recently introduced its newest product, VRM Commercial Real Estate Services, which is designed to provide valuation, due diligence, transactional, property management and other related services to the commercial real estate sector. VRM is changing the face of the REO industry through its commitment to delivering vision, experience, "Best in Class" customer service and proven performance.

For more information about VRM, visit www.vrmco.com

This information was brought to you by Cision http://www.cisionwire.com
http://www.cisionwire.com/vendor-resource-management/r/vendor-resource-management--inc--completes-soc-1-attestation-engagement,c9229702

CONTACT:  Michael Hubbard, Technical Marketing Specialist
          Vendor Resource Management, Inc.
          4100 International Parkway
          Suite 1000
          Carrollton, Texas 75007
          Direct: 972-512-2027
          Mobile: 972-922-2145
          mhubbard@vrmco.com

Vendor Resource Management Logo

Back to 16
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki