Calque Reaches Significant Business Milestone by Earning SOC 2 Type I Compliance

—Company exceeds standards necessary to keep client data and financial information safe during the lending transaction—

Calque, the leader in enabling traditional lenders to offer buy-before-you-sell mortgage programs, announced today that it has achieved SOC 2 Type I compliance in accordance with American Institute of Certified Public Accountants (AICPA) standards for SOC for Service Organizations also known as SSAE 18. Achieving this standard with an unqualified opinion serves as third-party industry validation that Calque provides enterprise-level security for customer’s data secured in the Calque system.

Prescient Assurance audited Calque and certified their SOC 2 Type I compliance.

“Calque is the only solution built from the ground-up to provide established, experienced lenders with the technology, marketing, and compliance support necessary to offer a buy-before-you-sell solution,” says Jack Nunnery, Calque Board Member and former president of Mortgage Finance at Texas Capital Bank. “Lenders should only place their trust in partners that are fully compliant, prepared to safeguard important customer data, and able to meet their rigorous business practices without interruption.”

“Calque worked very hard to achieve the strict safeguards necessary to achieve SOC 2 Type I compliance,” said Peter Kallodayschsack, head of operations at Calque. “We know that lenders want to offer The Trade-In Mortgage^™ to their clients and they expect the highest level of security to safeguard borrower data during the mortgage process.”

An unqualified opinion on a SOC 2 Type I audit report demonstrates to Calque’s current and future customers that they manage their data with the highest standard of security and compliance.

More information about this compliance standard can be found at https://us.aicpa.org/interestareas/frc/assuranceadvisoryservices/aicpasoc2report.

About Prescient Assurance

Prescient Assurance is a leader in security and compliance attestation for B2B, SAAS companies worldwide. Prescient Assurance is a registered public accounting firm in the US and Canada and provides risk management and assurance services which includes but is not limited to SOC 2, PCI, ISO, NIST, GDPR, CCPA, HIPAA, and CSA STAR. For more information about Prescient Assurance, you may reach out them at info@prescientassurance.com.

About Calque

Launched in 2021, Calque partners with established lenders to empower homeowners to use the equity in their current home to buy their next home. The Trade-In Mortgage™ from Calque is an innovative mortgage product that simplifies and streamlines the homebuying process, allowing homeowners to submit attractive, non-contingent offers as good as cash on a new property, buy and move into their new home before they sell their existing one, and make repairs and stage their old home for sale after they have moved out. To learn more about Calque, visit http://calqueinc.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220913005405/en/

Calque has achieved SOC 2 Type I compliance which exceeds the standards necessary to keep client data and financial information safe during the mortgage lending transaction.