Oakleaf Reviewed by Morningstar Credit Ratings as RMBS Third-Party Due Diligence Firm

Published On - June 6, 2019

The Oakleaf Group News & Events
third-party due diligence

The Oakleaf Group (Oakleaf), a premier provider of mortgage loan due diligence, data, modeling, analytics and advisory services, has been reviewed by Morningstar Credit Ratings (Morningstar) and is now eligible to act as a third-party due diligence firm on new-issue RMBS rated by Morningstar.

Chris Milner, Oakleaf’s President and CEO, said, “Oakleaf Group’s due diligence team is comprised of seasoned underwriting experts.  They use Oakleaf’s proprietary cloud database that provides comprehensive reporting and is streamlined and efficient to use.  After 5 years and over 40,000 loans reviewed, we are constantly improving our process to review against the latest Agency standards and non-QM product types.  Our dynamic system, complete with extensive data fields, intuitive screens, automated workflow and business rules, and comprehensive reporting meets our QC and due diligence clients’ needs. We are thrilled to have had our process validated against the Morningstar team’s rigorous set of assessment factors.“

Several factors are considered by Morningstar to determine a third-party 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 explained what makes Oakleaf different from other third-party due diligence 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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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.

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