The integration eliminates the need to use custom software programming
Mortgage services firm The StoneHill Group (TSG) has announced the rollout of Scienna’s custom loan review system.
The national third-party mortgage services firm will use the Andor platform to rapidly adjust for practically any scope of loan review, removing the need for custom software programming.
"Our firm is bullish on a return to private capital as a significant source of liquidity in the residential market. We see this trend in our client's current product mix and are committed to be a key service provider to enable this transition back to a competitive secondary market," said Patrick Gluesing, president and chief operating officer of TSG. "We could not have chosen a better technology partner for our relaunch of due diligence services. The ratings agencies familiarity with Peter Krell and Scienna have exceeded our expectations and accelerated all our timelines."
"The Andor platform is allowing The StoneHill Group to compete immediately on the basis of their expertise and client service," said Peter Krell, founder and CEO of Scienna LLC. "The current market for third-party-review in RMBS is underserved, and I believe this partnership will benefit not just our two companies, but the RMBS market as a whole."
