The StoneHill Group, which offers quality control, due diligence and mortgage fulfillment services, reports that it is expanding its mortgage lender support services.
The company 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.
The Ohio and Arizona licenses were activated in June and the company is awaiting license approvals in South Carolina, Texas and Washington state, according to a press release.
The company says it is expending its services in order to help more mortgage companies, banks and credit unions operate with greater cost-efficiency in an increasingly challenging environment.
Because hiring and training staff is time-consuming and expensive, lenders often outsource underwriting, processing and other origination tasks when loan volumes fluctuate. Unlike some origination support providers, however, The StoneHill Group offers a variable cost structure for its services, so clients only pay for the work they need.
“Almost every day, someone asks me how they can save money originating loans in this environment,” says 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 U.S. and comply with SSAE 18/SOC 1 standards.
