California-based mortgage services provider, Consolidated Analytics [1] has been accepted to the Standard & Poor's (S&P's) list of approved third-party review (TPR) firms. The company said that the approval validated that Consolidated Analytics met S&P’s criteria for quality and independence of third-party reviews for U.S. residential mortgage-backed securities (RMBS).
The company will now appear in S&P’s Ratings Direct publication alongside other selected firms that meet S&P’s stringent assessment factors.
“We never sacrifice quality,” said Arvin Wijay, CEO, Consolidated Analytics. “The S&P acceptance is a validation of the standards and best practices we have created across our entire organization. Standards that we’ve intentionally designed to exceed agency, market and client expectations for quality, independence, and transparency.”
Prior to approval, S&P reviews and scrutinizes a range of processes, infrastructure, and business best practices such as compliance with underwriting guidelines, data integrity for loans, property valuation accuracy, regulatory compliance, and supporting technology capabilities. Once every 18 months, S&P updates its approved list of approved TPRs.
“Trust and transparency are the key elements of a healthy RMBS market and we take our role as a third-party reviewer very seriously, knowing that each review has a ripple effect beyond a single loan file,” said Joe Andrea, President, Consolidated Analytics. “We appreciate the recognition from S&P, as it reflects the significant investment we’ve made in developing processes, tools, and technologies for next level due diligence.”
Consolidated Analytics is now an accepted review firm on multiple rating agency lists. The company provides due diligence for capital market participants but also delivers additional risk management solutions to originators and servicers including collateral valuation, REO, and rental management, loan quality control and quality assurance, operational reviews, and technology and process advisory.