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 past two years.
