Mortgage Banking

Mortgage Banking

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.

Industry Services

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

Financial Advisory

Benchmarking & Data Analytics



Strategic Planning

Buyer and Seller-Side Due-Diligence Reviews

Our in-depth, objective due diligence methodology helps you validate the financial, operational and tax aspects of your transaction. We focus on identifying the risks and opportunities of your target in order to enhance your success.

Transaction Advisory Services and Representation

We can assist in identifying potential buyer or seller candidates and represent the buy- or sell- side throughout the process to ensure execution of a successful transaction.

Management Reporting and Financial Model Development

We work with our clients to develop meaningful financial reports and models, including key performance indicators (KPIs), operational and cash flow forecasts, budgets, and analysis of cost to originate a loan.

General Ledger Design and Mapping to MBFRF & MCR

Our data analytics team can map your general ledger to the Mortgage Banking Financial Reporting Form (MBFRF) or the NMLS Mortgage Call Report (MCR) to lessen the burden on your internal staff and to ensure that they are properly completed at each reporting period.

Mortgage Banking Accounting Best Practices Consulting

The experts at Richey May are well versed in the accounting for loans held for sale, mortgage servicing rights (MSRs), interest rate lock commitments and related pipeline hedging activities, as well as loan funding and loan sales transactions, allowing us to consult with you concerning best practices in the industry, the necessary journal entries, and other important considerations surrounding key mortgage accounting concepts.

We can also assist with other complex transactions, whether you’re doing a business acquisition, implementing a stock compensation plan, or entering into a non-recurring business transaction.

Richey May Select—Peer Financial Benchmarking and Metrics on Demand

Our benchmarking data offers the ability to measure performance and efficiency in critical business functions and operations that are closely tied to revenue and profits. This data helps drive informed decision-making aimed at improving efficiencies, increasing margins, and controlling costs.

Richey May Select

Strategic Data Analytics

The wealth of information available on mortgage lending in today’s market provides a remarkable opportunity for data-driven strategic planning and decision-making for independent lenders – if they have the ability to see through the noise. With decades of experience in the industry, our mortgage experts are able to do just that: sort through the flood of data to identify only those key points that are most useful in helping you run your business and staying competitive.


 Strategic Data Analytics

Compensation Survey

High-performing personnel are your greatest asset, but also represent the largest single expense incurred by mortgage companies. Make sure your compensation practices are competitive and in line with those of similar companies.


Compensation Survey

Ascent Performance Review

During our nearly 30 year history working with many of the top lenders and financial institutions in the country, Richey May has developed a deep understanding of the building blocks of a successful mortgage banking company. Our industry experts apply this knowledge in our Ascent Performance Review, focusing in on the specific financial and operational areas of concern that are hindering your company’s profitability, effectiveness and efficiency. Our tailored planning and fieldwork culminates in the identification of operational opportunities and deficiencies, providing practical recommendations for implementation that will positively impact your bottom line and help you better compete in the marketplace.

Business Process Improvement Review

Our mortgage experts can help re-design any of your business processes to streamline operations and improve efficiency, accuracy and profitability.

Policies and Procedures Review

In addition to satisfying regulatory requirements, clearly documented policies and procedures reduce risk and ensure that your staff has an efficient, effective road map to follow. We can help you in reviewing and designing key policies and procedures, including the following areas:

  • Loan Accounting
  • Servicing
  • Securitization

Internal Servicing Platform Review

A focused review of your internal servicing platform and related operations will help ensure your company’s compliance with industry servicing standards and identify operational improvements.

Internal Audit and Risk Assessment Design

Our internal audit and risk assessment design framework assists companies in identifying key risks in their major operational and functional areas. We help design the overall internal audit function and document the initial risk assessments for the internal audit plan and can provide ongoing assistance with the internal audit function.


Internal Audit


Loan Subservicer Oversight Procedures

We have developed a tailored loan subservicer oversight program designed to assist companies in fulfilling their responsibility to monitor and oversee the performance of their loan subservicers. We do this on behalf of multiple companies at the same time, allowing us to perform a more cost-effective, in-depth review.


Subservicer Oversight Review Procedures


 Regulatory Consent Orders

State and other regulatory consent orders are becoming a normal part of the compliance landscape for many lenders. Our experienced team of professionals can assist you in meeting the compliance testing and reporting requirements of these orders.

Servicing Transfer Reviews

We have developed a comprehensive review process to address the servicing transfer protocols and expectations required by the CFPB. It ensures that you have developed proper policies and procedures and that they adequately mitigate potential risks to consumers that may arise in connection with a servicing transfer.

Regulatory Operational Reviews (FNMA, GNMA)

FNMA, GNMA, FHLMC and others frequently request that companies have an annual review of their operations to ensure they are fulfilling their responsibilities as seller/servicers and that they are in compliance with applicable standards. Our team also focuses on providing ideas and suggestions for improvement.

Changes in the mortgage industry occur frequently and require management to revisit their strategic plans repeatedly. We work with you on being proactive instead of reactive to these changes to ensure that you achieve your goals and objectives.


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.

  • Navigating the R&D Tax Credit: Internal Use Software

    We are excited to announce a three part series focused on Research and Development tax credits. We hope you will join us on this journey as we take a deeper dive into research and development tax credits!


    Part 1: Internal Use Software Article

    Part 2: Webinar featuring the experts at SourceHOV


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    2019 Independent Mortgage Lender Compensation Survey

    Our Mortgage Banking professionals have begun gathering data for our 2019 Independent Mortgage Lender Compensation Survey. Our survey methodology provides a unique opportunity for independent mortgage lenders to evaluate their compensation strategies and metrics in relation to their regional peers in order to attract and retain top talent.


    Learn More


  • What’s Working & What’s Not: Analyze Your Tech Stack in 2020

    Tired of conflicting systems with no clear reporting? Tired of manual data export and import processes? 2020 is the year to assess your systems and plan a clear, strategic road map to streamlined processes, efficient systems and powerful Business Intelligence.  


    Learn more

  • Richey May Articles

    Q3 2019 Snapshot Report for Independent Mortgage Bankers

    Richey May Select, the next generation in peer-to-peer benchmarking for independent lenders, has published our Q3 2019 Snapshot Report. This report highlights a few key trends from the second quarter results of Richey May Select participants.


    Download the PDF

  • What Are You Risking in a Ransomware Attack?

    You may have heard recently that ransomware attacks are on the rise. Unsurprisingly, the mortgage and financial services industry is a top target for these attacks. Ransomware refers to a specific type of attack in which the hacker installs software that locks up an organization’s files and critical systems until a ransom is paid. Learn more about the threats and how to protect yourself:


    Learn more


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    Webinar: Cloud Security for Mortgage Banking Made Easy

    In October 2019, Richey May hosted a webinar featuring the experts from Managed Methods discussing cloud security and quick-deploying solutions focused on securing a mortgage business. Topics included: the reality of cloud app data in mortgage banking; how to secure cloud app data and product architecture & demonstration


    Watch the Recording

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    Malicious Actors are Actively Targeting Mortgage Lenders

    It has become increasingly apparent in recent weeks that malicious actors are actively targeting mortgage lenders with ransomware.This comes at a critical time for the industry, when lenders are operating at capacity and originating record volumes.


    Learn More

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    The 2018 HMDA data is here!

    Again this year, our mortgage industry professionals have scrubbed the raw data and organized it into dynamic dashboards that allow lenders to drill down on specific markets and companies to aid in strategic business planning:


    Access the dashboards

  • Webinar – 2019 State of Cybersecurity: Trends & Technology

    In August 2019, Richey May hosted a webinar reviewing the 2019 State of Cybersecurity relevant to the mortgage industry. Topics included: a summary explanation of the overall picture of cybersecurity in the financial services industry; an in-depth look at 4 key trends and how they may affect your business; and best practices you can implement or incorporate into your cybersecurity strategy.


    Watch recording


  • Webinar: FASB Lease Accounting

    In August 2019, Richey May hosted a webinar reviewing the FASB’s new lease accounting guidance under ASC 842 relevant to the mortgage industry. Topics included: the key changes as compared to ASC 840; how the changes will impact your organization; challenges public companies have experienced; and suggested steps and resources to ensure a proactive, effective adoption of the standard.


    Watch recording


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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.


Learn More >




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