The StoneHill Group [1], an Atlanta-based, veteran-owned provider of quality control, due diligence and mortgage fulfillment services has expanded its mortgage lender support services to help lenders, including banks and credit unions for cost-effective operations.
Since hiring and training staff is time-consuming and expensive, lenders often outsourced underwriting, processing, and other origination tasks when loan volumes fluctuate, StoneHill said that its expanded services for mortgage lenders offered variable cost structure for its services so that clients only pay for the work they need.
“Almost every day, someone asks me how they can save money originating loans in this environment,” said David Green, Founder, and CEO of The StoneHill Group. “For many, the best option is to outsource some or all of their origination work to The StoneHill Group. Once they do, they can stop worrying about whether they have enough staff, and they can rest assured that their critical processes will be completed on time and within budget.”
In addition to providing origination support services, The StoneHill Group is a nationwide provider of loan quality control, loan fulfillment and MERS reconciliation and annual review services. All of the company’s services are rendered onshore in the United States and comply with SSAE 18/SOC 1 standards.
“Our outsourcing clients are not only able to react to shifts in loan volume more quickly, we also help them meet specific requirements and stay compliant,” Green said.
The company also said that it is now licensed to provide complete underwriting and processing support in Alabama, Arizona, Arkansas, California, Colorado, Florida, Georgia, Illinois, Maryland, Michigan, Montana, New Jersey, North Dakota, Ohio, Oregon, Pennsylvania, Tennessee, Virginia and Washington, D.C. It is awaiting license approvals in South Carolina, Texas, and Washington state.