AllonHill, a due diligence provider specializing in whole loans and MBS today announced the opening of its Washington, D.C.-area office. The office, located in Bethesda, Md., will serve regulators and private investors seeking to understand, manage and reduce risk associated with whole loans, bonds and mortgage-backed securities.
Understanding and managing risk at the loan level should be a critical component of any effort by the private and public sectors to restore liquidity to the housing markets, said Sue Allon, co-founder and chief executive officer of AllonHill. Our auditors approach to due diligence and risk management, combined with industry-leading technology, produces the type of disclosure documents that build confidence among investors and get markets moving again.
AllonHills primary business lines include due diligence, bond and wholesale pricing, and credit risk management, with a specialty in seasoned performing and non-performing loan reviews and quality control. Key stakeholders include investors, ratings agencies and regulators such as the Treasury Department, Federal Deposit Insurance Corp. and Federal Housing Finance Agency (FHFA).
Diana Mead, an industry veteran with 14 years of strategic financial experience, will lead the office. Mead serves as the companys executive director of business development.
Allon and Daniel Gallery launched AllonHill earlier this year to help reshape mortgage due diligence and credit risk management. The company leverages its industry-leading, Web-based technology platform that provides real-time data to clients. The company is based in Denver.