""The Collingwood Group"":http://www.collingwoodllc.com announced this week that it has acquired ""GWN Consulting, LLC"":http://www.gwnconsulting.com/, a firm specializing in Federal Housing Administration (FHA) and Ginnie Mae risk management and quality control.
GWN's business will operate as part of Collingwood's risk management and compliance division, and will be[IMAGE] [COLUMN_BREAK]
managed by Brian Montgomery, chairman of Washington, D.C.-based Collingwood.
""Through the acquisition of GWN Consulting, Collingwood enhances its already considerable FHA and Ginnie Mae knowledge and experience with the addition of a team of professionals with more than two centuries of combined direct HUD experience,"" Montgomery said.
GWN's founder and president, Karen Garner, has held leadership positions within FHA's quality assurance division. In addition, two of the firm's principals, David Hintz and Jack Kinkaid, previously served as Mortgagee Review Board secretaries.
""The critical experience, insight, and relationships of GWN and its principals comes at a very important time for lenders and servicers that are struggling with compliance, litigation, and claims management issues related to their FHA and Ginnie Mae operations,"" Montgomery added. ""As FHA volume has grown to historically high levels, lenders and issuers can reasonably expect a corresponding increase in the level of FHA audit and enforcement actions.""