American Mortgage Consultants Targeting Servicers - March 9, 2012
American Mortgage Consultants is setting up a unit to capitalize on an expected increase in securitizations of mortgage-servicer advances. The effort is aimed at winning business from special servicers that acquire mortgage-servicing rights from big banks such as Ally Bank, Bank of America and Citigroup — which are shopping the rights to service billions of dollars of home loans.
Due Diligence Provider Gets Rating Agency Approval - October 7, 2011
by Paul Muolo, National Mortgage News
Credit rating agency DBRS this week approved American Mortgage Consultants, New York, as a third-party due diligence provider for residential MBS.
AMC, which has been in the residential space since 1996, believes due diligence reviews will play a vital role in the RMBS market as investors seek accurate data and transparency. DBRS provides its approvals after analyzing each due diligence firm's financial background, systems, capacity, policies, procedures, personnel, and other benchmarks. AMC, which also provides due diligence on whole loans, said it has performed "reviews on several rated securities" over the last two years.
AMC's Peter Kempf talks to Reuters News - November 30, 2010
"Mortgage investors trying to pry compensation from banks over bad loans are increasingly making frivolous claims among the legitimate ones, adding new stress to the test of wills and wallets, according to firms that review the cases." - Reuters
AMC's Peter Kempf talks to Housing Wire - January 21, 2010
"Rating agencies now assess the independence, competency and quality of the third-party review firms utilized. The reporting now entails more loan level data, and increased narratives attesting to the scope, procedures and findings." - Peter Kempf
AMC added to S&P's Third-Party List - October 19, 2009
"We are pleased that Standard & Poor's has recognized AMC as a mortgage due-diligence firm with the expertise and infrastructure needed to provide high-quality loan level reviews which are essential in today's marketplace." - Peter Kempf