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.
Tax Cuts and Jobs Act: Proposed Rules on QBI for Rental Real Estate
The IRS has recently provided additional guidance on the Qualified Business Income (QBI) 20% deduction (under Section 199A) for rental real estate enterprises. According to the IRS, a rental real estate enterprise is defined as an interest in real property held for the production of rent. A safe harbor is provided under proposed revenue procedure 2019-07 for rental real estate to be treated as a trade or business for QBI purposes, if certain qualifications are met.
Third-Party Vendors Continue To Be a Big Risk: Millions of Mortgage Documents Leaked Online
Independent security researcher Bob Diachenko recently announced his discovery of nearly 24 million financial and banking documents that had been leaked to the internet. It only serves as an example of why third-party vendor risk is critical for all lenders, regardless of size.
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:
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.