In this episode of Weekly Mortgage Update, compliance expert Alice Alvey explains Freddie Mac’s latest SOC 2 Type 2 requirements and what they mean for lenders across the industry. Joined by David Kittle, Marc Helm, Bill Corbett, and Allen Pollack, the group explores how the memo extends beyond the $150 billion servicing threshold and encourages all lenders to adopt stronger data security and audit standards.
From understanding the difference between SOC 1 and SOC 2 audits to implementing internal control systems and cybersecurity best practices, this discussion helps lenders identify where they stand and what steps to take before the 2027 compliance horizon.
Featuring real-world insights, practical tools like Vanta for SOC automation, and expert commentary on risk mitigation and information security, this episode delivers essential guidance for any lender preparing for the next phase of regulatory scrutiny.
Alice Alvey, Master CMB
She handles development of their World Class Training program designed to support UHM partners and organizational effectiveness.
Prior to UHM, Alice served as Senior Vice President at Indecomm leading the Indecomm-Mortgage U division, Internal QA and Compliance and SaaS technologies. Indecomm acquired Mortgage U in 2013, where Alice was President/Co-founder, providing training and consulting since 1996. Prior to MU she served as SVP of Operations at a national bank overseeing operations for wholesale, retail and correspondent from underwriting through servicing, and compliance.
She has been in the trenches of mortgage lending operations from application through servicing for over 30 years. Her authoring work in training content, policies and procedures and the FHA/VA Practical guides illustrates her ability to bridge regulatory requirements with day-to-day operations.
Alice has been a weekly contributor to the Lykken on Lending show since its beginning in April 2009 and has made her weekly contributions to 450+ episodes!