Richey May & Company, a CPA and business advisory firm serving the mortgage industry, has launched a business advisory services division. The new division is comprised of four advisors with a combined total of 51 years of experience within the mortgage banking industry. The team is led by Keith May, managing director of the company’s advisory services, and includes Trevor Reinhart and Kurt Blohm, managers of advisory services, and Tyler House, supervisor of advisory services.
Services now being offered under this division include:
►Mergers and acquisitions, including due diligence reviews, buy-sell agreements and strategic planning;
►Financial advisory, including management reports, custom benchmarking reports, financial accounting transactions, general ledger mapping to the Mortgage Bankers Financial Reporting Form and the Mortgage Call Report, and mortgage servicing rights cash flow models
►Operational advisory, including operational reviews, business process development, policies and procedures development and review, internal control review and compensation surveys
►Compliance advisory, including loan sub-servicer oversight procedures and regulatory operational reviews
►Leadership, management and organizational (LMO) strategy advisory
Richey May has been providing business advisory services to mortgage bankers since it was founded in 1985, but did not have a specialized division dedicated to the practice.
“Demand for our advisory services has really increased as mortgage bankers adjust to the new regulations, fewer originations, and the shift from a refinance to a purchase market,” May said. “Whether they’re looking for operational efficiency, risk and loss mitigation, exit strategies, growth or acquisition, today’s independent mortgage bankers know they can significantly increase their chances of achieving, or exceeding, their goals if they consult professionals who know how successful mortgage bankers operate.”
