Oakleaf Joins S&P List of Reviewed Third-Party Due Diligence Firms

Third-Party Due Diligence Firms

We’re thrilled to announce that The Oakleaf Group has been added to Standard & Poor’s Global Ratings (S&P) list of third-party review firms (TPRs). This important addition to the list indicates that S&P Global Ratings has completed their review and validated that Oakleaf meets the assessment factors discussed in their criteria “Methodology and Assumptions for Rating U.S. RMBS Issued 2009 And Later.” The addition was recently posted on S&P Global Ratings’ publication RatingsDirect.

Chris Milner, Oakleaf’s President and CEO, explains, “The S&P team has a rigorous set of assessment factors and we are thrilled to have our process validated against those factors.  Over the last 5 years, with over 40,000 loans reviewed, we created a dynamic system, complete with extensive data fields, intuitive screens, automated workflow with business rules, and comprehensive reporting to meet our QC and due diligence clients’ needs.”

As part of S&P’s assessment, several factors are considered to determine a due diligence firm’s capability to review mortgage loan quality, including: the firm’s experience, systems and infrastructure, regulatory compliance, and internal monitoring standards and processes for underwriters.

Milner described what makes Oakleaf different from other TPR firms, saying, “Oakleaf delivers accuracy at low prices using our own in-house processes, an obsession for automation, and a 100% U.S. based workforce of expert underwriters, eliminating the potential risks associated with offshore resources or use of numerous third-party vendors. We provide lenders, servicers, investors, trustees, and now, securitization sponsors with crystal clear assessments of their loans against relevant criteria.  Our APIs provide our customers’ with real time access to their own data, which eliminates having their data stuck inside the system.”

Oakleaf at a Glance

The Oakleaf Group is a Washington DC-based, management consulting firm focused exclusively on the financial services, banking, and mortgage industry. Our team consists of industry subject matter experts, risk management professionals, and technologists who work together to help solve our clients’ toughest problems. Oakleaf strives to enhance the financial and regulatory industry with data-driven, model-informed, analytics-enabled, and operationally rigorous services and solutions.

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Join The Oakleaf Team

Oakleaf is the trusted advisor and services provider to many of the some of of the most notable mortgage businesses, federal agencies, and financial institutions in the world. We look for exceptional people from a variety of fields and professions to help solve our clients most challenging issues.

Join Oakleaf and put your talents and skills to work with our leading financial, banking, and mortgage client organizations.

See The Work We Do

As a mortgage and financial services consulting firm, we assist companies throughout the mortgage and financial services industry, including banks and non-bank mortgage firms, GSEs, regulators, government agencies, law firms, insurance companies, asset managers, hedge funds, and other financial clients. We work closely with management to identify and prioritize challenges, and we apply deep industry expertise that drives performance, resulting in performance transformation across the organization.

See how we support our clients and their teams in tackling their most complex matters. Or contact us if you want to discuss anything further.