Assurance

We have developed assurance procedures and processes that reflect a thorough understanding of each client’s business and philosophy. For each client we tailor an individualized audit program that adheres not only to the high standards of our clients’ businesses, but also to the Statements of Auditing Standards set forth by the American Institute of Certified Public Accountants. Our team is constantly learning and developing their processes, meaning that our clients receive the highest possible quality services utilizing only the most modern methods and technology. Ultimately, we see our services as providing more than just numbers on a page, or compliance with laws and regulations. Our goal is to contribute meaningfully to your company and its success.

Tax

Taxes represent a significant cost to both businesses and individuals, with direct implications on their ability to compete and grow. Richey May’s tax team has national firm and industry experience, and possesses the technical knowledge to ensure that our clients’ consulting and tax compliance needs are met. We strive to be taxpayer advocates by partnering with our clients and providing tax-saving strategies that contribute to their overall success.

Mergers & Acquisitions

Buyer and Seller-Side Due Diligence Reviews

Our in-depth, objective due diligence methodology helps you validate the financial, operational and tax aspects of your transaction. We focus on identifying the risks and opportunities of your target in order to enhance your success.

Transaction Advisory Services and Representation

We can assist in identifying potential buyer or seller candidates and represent the buy- or sell- side throughout the process to ensure execution of a successful transaction.

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Management Reporting and Financial Model Development

We work with our clients to develop meaningful financial reports and models, including key performance indicators (KPIs), operational and cash flow forecasts, budgets, and analysis of cost to originate a loan.

Financial Advisory

General Ledger Design and Mapping to MBFRF & MCR

Our data analytics team can map your general ledger to the Mortgage Banking Financial Reporting Form (MBFRF) or the NMLS Mortgage Call Report (MCR) to lessen the burden on your internal staff and to ensure that they are properly completed at each reporting period.

Mortgage Banking Accounting Best Practices Consulting

The experts at Richey May are well versed in the accounting for loans held for sale, mortgage servicing rights (MSRs), interest rate lock commitments and related pipeline hedging activities, as well as loan funding and loan sales transactions, allowing us to consult with you concerning best practices in the industry, the necessary journal entries, and other important considerations surrounding key mortgage accounting concepts.

We can also assist with other complex transactions, whether you’re doing a business acquisition, implementing a stock compensation plan, or entering into a non-recurring business transaction.

Benchmarking & Data Analytics

Richey May Select – Peer to Peer Financial Benchmarking and Metrics on Demand

Our benchmarking data offers the ability to measure performance and efficiency in critical business functions and operations that are closely tied to revenue and profits. This data helps drive informed decision-making aimed at improving efficiencies, increasing margins, and controlling costs.

HMDA Market Share Dashboards

The mortgage professionals at Richey May have scrubbed and organized the raw data into two easy-to-use HMDA Market Share Dashboards that allow lenders and other industry professionals to drill down on specific markets and uncover key statistics to help aid strategic decision-making. With a few clicks, you can modify the dashboards to see only the data relevant to your business and the decisions you need to make to stay competitive.

Business Intelligence

RM Analyze is a complete business intelligence platform for lenders, staffed by implementer/consultants with mortgage experience, so you don’t need to train us on your business.

Budgeting & Forecasting

To plan effectively for the future, you need the ability to compare budgets to actuals, make intelligent predictions and manage the diverse needs of your workforce. Our budgeting and forecasting solution offers user-friendly dashboards, souped up balance sheets, interactive predictive tools and flexible planning tools that help you grow intelligently.

Compensation Survey

High-performing personnel are your greatest asset, but also represent the largest single expense incurred by mortgage companies. Make sure your compensation practices are competitive and in line with those of similar companies.

Operational Consulting & Services

Ascent Performance Review

During our nearly 30 year history working with many of the top lenders and financial institutions in the country, Richey May has developed a deep understanding of the building blocks of a successful mortgage banking company. Our industry experts apply this knowledge in our Ascent Performance Review, focusing in on the specific financial and operational areas of concern that are hindering your company’s profitability, effectiveness and efficiency. Our tailored planning and fieldwork culminates in the identification of operational opportunities and deficiencies, providing practical recommendations for implementation that will positively impact your bottom line and help you better compete in the marketplace.

Business Process Improvement Review

Our mortgage experts can help re-design any of your business processes to streamline operations and improve efficiency, accuracy and profitability.

Policies and Procedures Review

In addition to satisfying regulatory requirements, clearly documented policies and procedures reduce risk and ensure that your staff has an efficient, effective road map to follow. We can help you in reviewing and designing key policies and procedures, including the following areas:

• Loan Accounting
• Servicing
• Securitization

Internal Servicing Platform Review

A focused review of your internal servicing platform and related operations will help ensure your company’s compliance with industry servicing standards and identify operational improvements.

Mortgage Banking Compliance Services

Internal Audit and Risk Assessment Design

Our internal audit and risk assessment design framework assists companies in identifying key risks in their major operational and functional areas. We help design the overall internal audit function and document the initial risk assessments for the internal audit plan and can provide ongoing assistance with the internal audit function.

Loan Subservicer Oversight Procedures

We have developed a tailored loan subservicer oversight program designed to assist companies in fulfilling their responsibility to monitor and oversee the performance of their loan subservicers. We do this on behalf of multiple companies at the same time, allowing us to perform a more cost-effective, in-depth review.

Regulatory Consent Orders

State and other regulatory consent orders are becoming a normal part of the compliance landscape for many lenders. Our experienced team of professionals can assist you in meeting the compliance testing and reporting requirements of these orders.

Servicing Transfer Reviews

We have developed a comprehensive review process to address the servicing transfer protocols and expectations required by the CFPB. It ensures that you have developed proper policies and procedures and that they adequately mitigate potential risks to consumers that may arise in connection with a servicing transfer.

Regulatory Operational Reviews (FNMA, GNMA)

FNMA, GNMA, FHLMC and others frequently request that companies have an annual review of their operations to ensure they are fulfilling their responsibilities as seller/servicers and that they are in compliance with applicable standards. Our team also focuses on providing ideas and suggestions for improvement.

Strategic Planning

Changes in the mortgage industry occur frequently and require management to revisit their strategic plans repeatedly. We work with you on being proactive instead of reactive to these changes to ensure that you achieve your goals and objectives.