Allon Financial Launched

Posted by Orb Staff on September 26, 2008 No Comments
Categories : Residential Mortgage

Mortgage veterans Sue Allon and Daniel Gallery have formed Allon Financial, a new type of mortgage due diligence provider focused on helping clients understand, manage and reduce risk, and improve returns through highly informed whole loan trade and bond buying decisions. The company will be based in Denver.

According to the company, Allon Financial will deliver a variety of analytical, advisory and consulting services to clients including hedge funds, mutual funds, private investors, government agencies, ratings agencies, and mortgage originators and service providers. The primary business line is due diligence, with specialties in seasoned performing and nonperforming loan reviews and quality control for agency delivery.

In addition, the company has acquired Edison Mortgage Decisioning Solutions, a provider of due diligence and data and analytics reporting.

‘The events of the past year have shown the catastrophic consequences of a fundamentally flawed mortgage due diligence model, which must be reinvented to bring back confidence and liquidity to the market,’ Allon says. ‘Due diligence must evolve from a report to support a loan purchaser's pricing decision to a disclosure document on which investors and others can rely.’

Source: Allon Financial

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