Mortgage QC Provider The StoneHill Group Experiencing Rapid Growth
Company’s headcount to increase 80 percent in 2015 as industry demand for loan quality soars
October 19, 2015 – Atlanta, GA – The StoneHill Group, a national provider of quality control, due diligence and mortgage fulfillment solutions for mortgage lenders, banks and credit unions, announced its staff size has grown by more than 30 percent over the past three months and will finish the year with an 80 percent growth in staff, due to increased demand for its solutions.
David Green, founder and president of The StoneHill Group, attributed the hiring spree to its clients’ improving businesses as well as recent regulatory changes affecting mortgage lenders, including the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosure (TRID) rule implementation, which took effect October 3. The company has added over 30 new positions in its Atlanta, Georgia and Jacksonville, Florida locations during the past three months and plans to add 50 additional people by the end of December, Green said.
“The current lending environment has created an enormous demand for our services, especially quality control, loan fulfillment and MERS reviews,” Green said. “While much of our growth reflects the growth of our client’s businesses, we are also getting a significant amount of new business through referrals, as the word is getting out about our services and expertise.”
Green added that increasing mortgage regulations have created a demand for a higher level of scrutiny in all aspects of mortgage lending. “To handle TRID alone, we have had to add 30 new items to our pre-close quality control checklist and 70 additional items to our post-close checklist,” he said. “Unless they have the time and resources to do it themselves, most companies that deliver to the agencies or are delegated correspondent lenders are looking for a company like The StoneHill Group for help.”
Green said The StoneHill Group is currently looking to add 25 quality assurance analysts, 15 quality control administrators, and 10 managers for various departments in both its Atlanta and
Jacksonville locations and to work remotely. The company currently has 110 employees in its Atlanta office and 18 in its Jacksonville office. The StoneHill Group is also hiring sales executives and looking for office space on the West Coast.
About the StoneHill Group, Inc.
Founded in 1996, The StoneHill Group provides nationwide mortgage outsource solutions that include quality control program development and audit services, due diligence, post closing and shipping, fraud reviews, MERS reconciliation, FHA insuring, underwriting and loan processing. The company is headquartered in Atlanta, Georgia. For more information on the StoneHill Group, please visit www.stonehillgroup.com or call 1.877.399.1936.