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  • 05/03/2018

    Hill Wallack Exceeds Fannie Mae Information Security Guidelines

    Written by: Michael J. Shavel and Jill M. Fein

    The Fannie Mae/Freddie Mac guidelines are one of the most widely adopted standard in mortgage servicing and foreclosure. The Fannie Mae guidelines mandate that any law firm performing foreclosure work on Fannie Mae loans must have adequate controls over information security, data management, and fraud protection. Fannie Mae Servicing Guide F-2-04 Firm Minimum Requirements (11/12/2014) (Published 4/11/2018) The guidelines require that a law firm must maintain physical, technical and procedural controls to protect against unauthorized access to or use of such information, and the firm must implement controls meeting or exceeding industry standards including standards promulgated by the ISO or NIST.

    At Hill Wallack, we have actively been working to ensure the highest level of security to protect our client’s information. Hill Wallack is one of a very few number of law firms nationwide to achieve ISO 27001:2013 Certification, an internationally recognized security standard that specifies the establishment, maintenance, and continuous improvement of an organization’s information security management system. Our certification process requires annual audits to ensure Hill Wallack is using state of the art practices and procedures to secure our client’s sensitive data and to keep pace with the ever changing cybersecurity landscape.

    Accordingly, Hill Wallack has not only met, but has exceeded the security required by the Fannie Mae guidelines and has committed to ensuring the highest security policies and procedures are in place to secure valuable, sensitive client data. Our ISO certification was achieved after a rigorous three-year process of risk-assessment, evaluation and process implementation, including both an internal and independent audit process.

    By achieving this certification, Hill Wallack has joined an elite group of firms that are uniquely positioned to satisfy the needs of their clients, especially in the banking and mortgage fields. All data and information transmitted or entrusted to our firm will be secured and treated with the highest information security standard in the world, ensuring your client’s and customer’s information is protected at all times.

    Please contact me at mshavel@hillwallack.com if you would like further information on how our law firm protects our clients’ confidential information.

    ©2018 Hill Wallack LLP. All rights reserved. Please contact Hill Wallack for permission to reprint. Notice: The purpose of this Client Alert is to identify select developments that may be of interest to readers. The information contained herein is abridged and summarized from various sources, accuracy and completeness of which cannot be assured. This Client Alert should not be construed as legal advice or opinion, and is not a substitute for the advice of counsel.