Funds managed by Stone Point Capital recently acquired a majority stake in American Mortgage Consultants Inc. (AMC), a provider of outsourced services to participants in the residential and consumer loan mortgage market.
Financial terms of the transactions were not disclosed.
Founded in 1996, AMC provides a wide array of services relating to residential mortgage transactions, including securitization review, loan due diligence and consulting services.
AMC uses a technology-enabled approach to efficiently and cost-effectively provide services to its clients. The firm services more than 200 active clients and has evaluated over $150 billion of residential loans since 2016.
“We are excited to begin our partnership with Stone Point, which will enable the continued growth of the AMC platform to meet the demands of our clients,” says Michael Franco, CEO of AMC, in a release. “AMC’s commitment to enhancing the breadth, depth and quality of our existing service and technology offerings will only be enhanced with the completion of this transaction. We look forward to expanding our role as a strategic partner for market participants throughout the mortgage loan life cycle with innovative solutions to meet the demands of tomorrow’s markets.”