Richey May

New Reconsideration of Value (ROV) guidelines for Fannie Mae, Freddie Mac, and HUD loans took effect on October 31, 2024. Are you up to date on the changes? In the latest Internal Audit Insight episode, Richey May’s Mignonne Davis, MBA, CIA and Cassidy Timm, CPA break down key disclosure requirements, borrower notifications, and best practices for compliance, including AMC collaboration and QC plan updates. Learn how lenders are navigating these changes. Watch now: https://lnkd.in/e3zDaWBe

The alternative investments industry faces growing compliance and security demands. System and Organizational Controls (SOC) reports have emerged as an essential tool for demonstrating a service organization's commitment to strong internal controls and data security. But which report—SOC 1 or SOC 2—is right for you? Discover the key differences, the benefits of proactive compliance, and more: https://lnkd.in/eW_vUBdM

Penetration testing is more than just a checkbox for compliance—it’s a proactive strategy to uncover vulnerabilities and strengthen your defenses. But how can you ensure your pen test delivers real value? Read insights from our CISO, Michael Nouguier, on considerations for effective penetration testing, including how to choose the right type of test for your business, distinguish between vulnerability scans and pen tests, and ensure your provider uses proven methodologies like PTES and scoring frameworks such as EPSS. Learn more: https://lnkd.in/g3ADjNc3

In the mortgage industry, compliance demands and security challenges continue to grow.?Systems and Organizational Controls (SOC) reports?have emerged as a critical tool for for demonstrating robust internal controls and data security—not just for your organization but also your vendors.?Requesting their SOC reports ensures they’re managing risks, protecting borrower data, and upholding compliance standards. Learn more: https://lnkd.in/eSwUS6mP

At?Richey May,?our goal is to simplify your work and support your success in the alternative investments industry. To help you streamline your financial reporting, we’ve created a 2024 pro forma financial statement template for hedge funds that you can use as a reference while preparing your statements this year. Get the template here: https://lnkd.in/gycPE-qG

If you work with a subservicer to service your loans, maintaining effective oversight is essential and the responsibility to service properly falls on you as the master servicer. Proper oversight includes an annual review and testing of the?subservicer's processes and procedures. We will perform our annual review at Dovenmuehle in January. For the best pricing, sign up for this review by December 13th, 2024. Email?[email protected]?to sign up.

The SEC’s 2025 Examination Priorities bring new focus areas for fund managers, from artificial intelligence in advisory operations to private fund fee transparency. Get the full breakdown and insights here: https://lnkd.in/ezgB_qzm

Richey May is excited to have Michael Nouguier and Alex Brown share their expertise with the Conference of State Bank Supervisors (CSBS). In their session, “Risk by Association: Navigating the Cybersecurity Challenges of Third-Party Partnerships,” they’ll educate industry leaders?on why simply securing your own IT and infrastructure isn't enough. With over 88% of organizations utilizing third-party cloud services in one way or another, asking the right questions to protect your data is more important than ever. We're proud to lead the way in protecting data, shaping standards, and building trust across our industry.

The numbers are in! The Q3 RM Select Snapshot highlights key trends in IMB production volumes, secondary margins, and servicing portfolio values. Compare your performance with industry peers and make confident, data-backed decisions with RM Select. Explore the full Q3 Snapshot here:?https://lnkd.in/eCeNtE6X

October was a month full of record-setting trends for IMBs: monthly funded volume was up 19% over September; funded refi mix increased by 5% month over month for a total refi mix to 20%, which is still well below the historical industry average; despite the increase in refi’s, average loan amounts continue to increase – a trend we’ve seen throughout the year; October locks set a record high, up 18% month over month, largely due to FHA locks; and this industry optimism is allowing lenders to start hiring for sales and operations roles.?All good things! Are you curious how your company’s performance compares to these industry trends or better yet – your peers? Contact Richey May’s Director of Data Analytics, Tyler House, CPA, to learn more.