Cology News

Cology, Inc Successfully Receives SSAE16 (SOC 1 Type II) Audit with Zero Exceptions

April 04, 2012

Cology, Inc., demonstrates the organizations€™ commitment to the integrity of its processes and affirms the company’s commitment to the security of client data

Mather, CA (April 4, 2012) Cology, Inc., the leading provider of end-to-end private student loan origination and repayment servicing solutions for lenders announced today that it has completed a Statement on Standards for Attestation Engagements No.16 (SSAE 16) Type II audit (formerly SAS 70). SSAE 16 is the most widely recognized authoritative guidance that provides service organizations a uniform method for disclosing independently assessed information about the design and operation of internal controls related to their services. This certification from an independent auditing firm illustrates that advanced internal controls are in place and working as designed.

“We’€™re extremely proud of what we have achieved as an organization,”€ states Paul Rehnberg, CEO. Reaching this milestone, with zero exceptions, demonstrates Cology’€™s commitment to the integrity of the infrastructure we’€™ve developed. Cology continues to be a preferred choice for student loan providers, because we embrace the changing compliance landscape and continue to deliver the highest quality products and services to the clients we serve."

All Cology clients will have the ability to utilize this report for their own required audits, and can obtain a copy of this audit report upon request.

About Cology, Inc.
Cology provides end-to-end technology and core processing solutions for lenders. Volta, the company’s universal core processing system, is the technology that supports more than 500 of the nation’€™s fastest growing private loan programs in the education finance market today. The platform’s highly customizable features make entering the market fast, efficient and easy. For information on how to become a lending resource for students or to learn more about the company visit: www.cology.com