The StoneHill Group Deemed Acceptable Third-Party Due Diligence Provider by DBRS
Fast-growing mortgage QC provider accepted by leading ratings agency
December 10, 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 it has been determined to be an acceptable third-party due diligence firm for DBRS-rated transactions.
DBRS is a full-service credit rating agency respected for its independent, third-party evaluations of corporate and government issues. The StoneHill Group recently became one of just 17 third-party due diligence firms deemed to be acceptable by DBRS, which assesses a company’s staff, operating processes and expertise through on-site reviews before adding a company as an accepted provider.
“DBRS is one of the world’s most prestigious rating agencies in the world, so our acceptance as a third-party provider places us in an elite category,” said David Green, president of The StoneHill Group. “As we see increasing activity in the private sector creation of mortgage securities, we will be well-positioned to provide meaningful due diligence for our clients.”
The StoneHill Group is one of the fastest growing providers of loan quality control solutions serving the U.S. mortgage industry. The rebounding housing market, in addition to current and approaching regulatory changes such as the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosure (TRID) rule and new FHA servicing guidelines, have fueled an 80 percent increase in the company’s staff since last year. The StoneHill Group has offices in Jacksonville, Florida and Atlanta, Georgia.
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.