Richey May is excited to announce our partnership with Amata Solutions to bring customized business intelligence tools to mortgage lenders. Richey May has also acquired an interest in the firm, which is led by mortgage industry veterans and provides technology and analytics that enable lenders to make more confident data-informed decisions.
As a nationally recognized leader in the mortgage industry, we provide specialized audit, tax and business advisory services and strive to add value to you and your organization. Our expertise comes from working with many of the best lenders throughout the country.
The mortgage banking industry is at the core of our business. Our expertise allows us to deliver valuable advice learned from the successes, challenges, mistakes and occasional failures of our clients. Our clients range in size from small local originators to large national lenders with multi-channel operations and large servicing portfolios.
We have established a solid reputation among the many financial institutions, warehouse banks, private equity firms and others involved in the industry. We maintain close relationships with regulatory agencies and industry experts and remain current on important tax and accounting issues, reporting requirements and regulations. We are an active member of the Mortgage Bankers Association of America and several state mortgage banking associations.
If you are looking to build a relationship with the most specialized team of experts in the mortgage industry, contact us today.
Richey May’s mortgage banking specialists can provide you with insight into your most complex challenges. In addition to traditional tax and audit services, our industry-specific offerings include:
Mergers & Acquisitions
Benchmarking & Data Analytics
Richey May is committed to staying on top of current trends and hot topics within your industry. As part of that commitment, we offer a number of resources to help our clients stay ahead of the competition.
Q3 2018 Snapshot for Independent Mortgage Bankers
Richey May Select, the next generation in peer-to-peer benchmarking for independent lenders, has published our Q3 2018 Snapshot Report. This report highlights a few key trends from the third quarter 2018 results of Richey May Select participants.
Tax Cuts and Jobs Act: Additional Guidance Released
Additional guidance on the new Tax Cuts and Jobs Act (TCJA) is finally starting to surface including proposed regulations on the Qualified Business Income (QBI) deduction under Section 199A.
Q2 2018 Snapshot for Independent Mortgage Bankers
Richey May Select, the next generation in peer-to-peer benchmarking for independent lenders, has published our Q2 2018 Snapshot Report. This report highlights a few key trends from the second quarter 2018 results of Richey May Select participants.
Cloud Security Trends: Are You Prepared for a Rainy Day?
One of the more pronounced trends in technology is a rapid move to the cloud. However, even though companies shift their infrastructure to the cloud, they remain responsible for developing adequate cybersecurity policies and procedures. Are your cloud environments properly configured and secured?
Expected Changes to 1098 Mortgage Interest Statement
The IRS recently released the 2019 draft Form 1098 for mortgage interest reporting. Read our latest blog post to learn about the changes proposed for 2019 and why they are being made:
States Step Up to Fill the Privacy Void
In the wake of frequent and significant data breaches, protecting consumer data has been at the forefront of cybersecurity legislation. The states of Arizona, Colorado and California have recently passed updated laws to fill in gaps in current data privacy legislation. Read our latest blog post to understand your obligations regarding consumer data in these states, and how a holistic cybersecurity strategy can protect your business from both significant fines and reputational risk:
Entertainment Expense Reimbursements = Taxable Wages in Existing Regulation
The Tax Cuts & Jobs Act eliminated the deduction for business entertainment expenses incurred after December 31, 2017. While this rule may sound straightforward, there is currently a potentially significant tax difference between entertainment expenses that a company pays directly to third party vendors from the treatment of entertainment expense that it reimburses to its employees. Our tax experts at Richey May have provided some guidance on how to handle business entertainment expenses:
Webinar: Provisions Impacting Business Income Under Tax Reform
In May 2018, as part one of our Tax Reform and the Mortgage Industry Webinar Series, we hosted a webinar to examine the entity changes with the largest potential influence on the lending community. Topics during the webinar included: excess business losses, interest limitations, accounting method conformity to GAAP, and depreciation.
Partnership Operating Agreements: Amendments Needed in 2018
All businesses operating as partnerships for federal income tax purposes need to amend their operating/partnership agreements in 2018 to address new IRS audit procedures that significantly change how partnerships are audited and additional tax assessments are made. To learn more about the new procedures and how they are relevant to your partnership, click on the link below.
Mortgage Banking Roundtable
Our annual Mortgage Banking Roundtable is designed specifically to facilitate peer-to-peer engagement among the founders, CEOs, and principals of mortgage banking companies. Our goal is to facilitate discussion on best practices and trends within the industry, and to stimulate the sharing of ideas for the benefit of all participants.
To speak to one of our experts, please fill out the form and we will contact you shortly.