Credit research and ratings firm DBRS has named the StoneHill Group – a national provider of quality control, due diligence and mortgage fulfillment solutions for mortgage lenders, banks and credit unions – an acceptable third-party due diligence firm for DBRS-rated transactions.
DBRS is a full-service credit rating agency respected for its independent, third-party evaluations of corporate and government issues. The StoneHill Group is one of just 17 third-party due diligence firms deemed to be acceptable by DBRS.
DBRS assesses a company's staff, operating processes and expertise through on-site reviews before adding a company as an accepted provider.
‘DBRS is one of the world's most prestigious rating agencies in the world, so our acceptance as a third-party provider places us in an elite category,’ says David Green, president of The StoneHill Group, in a release. ‘As we see increasing activity in the private-sector creation of mortgage securities, we will be well-positioned to provide meaningful due diligence for our clients.’