Richey May Acquires Amata Solutions

Jan 24, 2019

Richey May, a Denver-based accounting and advisory firm serving the financial services and real estate industries, has acquired Amata Solutions, an Eagle Mountain, Utah-based provider of customized planning and business intelligence tools for mortgage lenders.

The financial terms of the acquisition were not disclosed, and the transaction comes three months after Richey May made an investment in Amata Solutions, which will now function as part of Richey May Technology Solutions, a consulting division launched last year. Benjamin Duke, Amata Solutions' founder, has become executive director of data analytics with Richey May Technology Solutions.

"We were confident that our clients would love Amata Solutions when we partnered with the firm three months ago, but we may have underestimated how much," said Ken Richey, Co-Founder and Partner of Richey May. "This acquisition puts Richey May in a perfect position to help mortgage lenders address tighter margins and lower volume so they can stay several steps ahead of their competition."

About the author

Phil Hall

Link copied

Published

Jan 24, 2019

Industry News

CoreLogic Chief Economist On Witnessing The Insurance Crisis Firsthand

"I could have lost all my equity,” says Selma Hepp, who lives and works on the frontline of housing's biggest challenge in 2025

Mortgage professionals may feel a strong sense of deja vu this New Year given that economic and housing market forecasts have so far indicated the mortgage industry will face many of the same challenges as last year. To every loan officer’s dismay, interest rates are pro...

Regulation and Compliance

Equifax Paying $15 Million For Consumer Dispute Failures

The CFPB filed a lawsuit against fellow credit-giant Experian two weeks ago alleging the same

For the “failure to conduct proper investigations of consumer disputes,” the Consumer Financial Protection Bureau (CFPB) last Friday announced enforcement actions taken against Equifax, requiring the nationwide consumer reporting agency to pay a $15 million civil money penal...