Company Receives Highest Rating for Fifth Consecutive Year
HUDSON, OHIO, August 7, 2016 — Millennium Capital and Recovery Corporation, a leader in nationwide recovery management services, has achieved the AT101 Service Organization Controls (SOC) 2, Type 2 Report for the fifth consecutive year.
The SOC 2 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 insuring 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’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.
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 (SOC 2) Type 2 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.