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Navigating movement in the mortgage industry series: Due diligence in mergers and acquisitions

Housing Wire

Thus, it has never been more important to focus on due diligence in analyzing a mortgage industry acquisition target. In a typical transaction, the due diligence checklist can be overwhelmingpages upon pages in length. The devil is in the details when it comes to due diligence. All these items matter.

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Industry veterans launch Canopy in bid to shake up residential due diligence space

Housing Wire

Residential due diligence is an area of the mortgage ecosystem that’s overdue for disruption, according to two industry veterans who want to offer something completely different in the due diligence space through their newly launched company, Canopy. That’s why it has to be done over and over again.”.

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How is the mortgage rate environment affecting due diligence? 

Housing Wire

With rising rates, the market is seeing a shift from originations to HELOC products. As the market shifts, lenders still need to be conscious of loan quality. HousingWire recently spoke with Brian Adams, Division President of Due Diligence at Consolidated Analytics , about due diligence in the current mortgage market.

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QC Ally acquires due diligence solutions firm Inglet Blair

Housing Wire

Loan quality and audit services company QC Ally on Thursday announced the acquisition of third-party due diligence solutions company Inglet Blair. Terms of the deal were not disclosed.

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Incenter acquires due diligence firm Edgemac

Housing Wire

Incenter is adding a third-party due diligence review firm to its umbrella of companies. Edgemac , which Incenter acquired at the end of last year, does due diligencing for mostly non-QM and jumbo loans, as well as private label reverse mortgages that could eventually be securitized.

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Homestreet enters agreement to merge with Mechanics Bank

Housing Wire

This is a very significant milestone for Mechanics Bank and we are excited through this transaction to extend our market presence with a full West Coast footprint from San Diego to Seattle, Carl B. We have completed a thorough due diligence process and look forward to welcoming HomeStreets clients and employees to our company.

Banks 378
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Underwriter shortage slowing the pace of private-label deals

Housing Wire

They are in high demand for each stage of the mortgage process, yet they are in seriously short supply in a still-booming mortgage market. The private label market share of U.S. RMBS market. They can’t bring [securitization] deals to market as quickly. We certainly hear that as a concern in the market.”.