Home / Headlines / RRMS Reviving Private Loan Securitization Market
Print This Post Print This Post

RRMS Reviving Private Loan Securitization Market

Private Loan SecuritizationNew York-based mortgage financial consulting company RRMS Advisors announced that it has begun working with clients interested in getting involved in the Private Loan Securitization (PLS) market.

RRMS has collaborated with key players in the mortgage industry to develop metrics and key performance indicators (KPIs) to monitor performance and establish full transparency across all areas of the industry from mortgage originators to issuers to trustees to loan servicers. RRMS has created SROs (Self-Regulatory Organizations) that act as independent "traffic cops" and are capable of performing independent and ongoing self-audits, which help companies adopt best practices and promote standardization.

According to the company, the key to reviving the PLS market is building trust through a third-party surveillance monitor that is objective and non-aligned and focuses on active performance metrics. The RRMS audit function has assisted several mortgage finance organizations in building a culture that fosters investor confidence by using a complete oversight and self regulatory audit function.

Since it was founded in 2008 as a direct response to the U.S. housing crisis, RRMS has provided advisory, consulting, and regulatory compliance/audit support services to a diverse set of mortgage professionals nationwide. The company was created as an affiliate of the Response Companies, which has been a mortgage finance consulting leader for more than 28 years.

About Author: Brian Honea

Brian Honea's writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master's degree from Amberton University in Garland.
x

Check Also

Federal Reserve Holds Rates Steady Moving Into the New Year

The Federal Reserve’s Federal Open Market Committee again chose that no action is better than changing rates as the economy begins to stabilize.