Richey, May & Co., LLP has made a significant commitment to providing the highest quality services to the mortgage banking industry. We have audited a large number of mortgage banking companies and financial institutions throughout the United States, ranging in size from small non-supervised mortgagees to large multi-bank holding companies. Our firm is an active member of the Colorado Mortgage Lenders Association (CMLA) and has relationships with several other state mortgage banking & lending associations, including the MBA.

We have extensive experience with the auditing and compliance reporting requirements contained in the revised Consolidated Audit Guide, issued by the U.S. Department of Housing and Urban Development, Reg. AB and USAP requirements, and FNMA and FHLMC regulations. We have regular contact with individuals at the various regulatory agencies, the AICPA, and industry experts to ensure that we remain current on tax and accounting issues.

• Mark-to-market reviews (save taxes via exclusion of servicing released premiums on loans held for sale)
  
• Monitoring fiscal year-end loan inventories for mark-to-market adjustment
  
• Tax accounting methods reviews
  
• Multi-state tax planning
  
• Net branch taxation studies
  
• Identifying opportunities for minimizing federal income tax rates on hedging activities and sales of bulk
  servicing portfolios
  
• Long-term capital gains tax rate savings (sale of retained servicing)

• Secondary marketing operational reviews & consulting (including industry best practices and peer-to-peer benchmarking)
  
• Peer-to-peer group (companies of like size) financial performance benchmarking, including overhead and profit margin comparisons
  
• Warehouse line pricing analysis and comparisons, permitting the evaluation of competitive pricing & terms against varying peer groups
  
• Comparisons of accounting and tax rules for mortgage banking companies
  
• Employee vs. 1099 status for loan origination professionals
  
• Financial analysis of hedging operations and profitability enhancement opportunities
  
• Identifying and assisting with FHA violations before FHA audits take place
  
• Loan-level accounting and auditing
  
• Compensation and commission modification for loan origination professionals based on loan-level profitability
  
• FHA net worth maximization for increased warehouse line funding

• Financial Audits For FHA, Warehouse Line, and Investor Purposes
  
• Financial Reviews
  
• Financial Compilations
  
• Prospective & Proforma Financial Information
  
• Internal Controls, Compliance Requirements & Other Management Assertations
  
• Budgeting
  
• Cash Management
  
• Profit Enhancement & Cost Control
  
• Operational Review
  
• Mortgage Industry Benchmarking Performance Measurement Systems
  
• Forensic Services