Mortgage Banking

With our team of consummate professionals, we have dedicated ourselves to representing mortgage lenders with access to skilled strategic partners and services, integrated with the highest quality compliance, financial, and operational advice. We have established a niche in this market by securing the best resources and by forging relationships with all the key organizations and members in the industry. Our reputation precedes itself as we lead the industry in our expertise, while guiding our clients in achieving their goals.

Our client base includes mortgage banking firms, securities and real estate hedge funds. We have represented closely held and national mortgage banking firms.

The constantly changing regulatory environment has created unique challenges to mortgage bankers in their desire to remain compliant with the various organizations that govern them. In order to respond to the growing complexity of the rules and regulations issued by Federal Housing Association, U.S. Department of Housing and Urban Development and State banking departments, it has become imperative for these firms to engage professionals that have specialized knowledge in their industry.

Acquavella, Chiarelli, Shuster, Berkower & Co., LLP has responded to this demand by forming the Mortgage Banking Group (ACSB-MB).

ASCB-MB's mission is to stay on the cutting edge of the planning and compliance issues that directly affect the mortgage banking community. Our professionals receive specialized training and deliver specialized services to your Company.

Services Offered

Our mortgage professionals address a wide spectrum of strategic and tactical issues, ranging from analyzing existing operations to creating new opportunities.

Our broad range of services encompasses both the specific audit needs of mortgage bankers as well as extending our tax and consulting expertise to these entities. Our services include but are not limited to the following;

Assurance Services

Financial Audits

We provide comprehensive auditing and reporting services to privately-held mortgage bankers including U.S. Department of Housing and Urban Development (HUD) audits. We assist in the quarterly and annual electronic filing and recertification required by HUD (LASS).

We also provide Warehouse and due diligence audits.

Entity Selection and Corporate Restructuring Services

We select the best strategies that are essential in obtaining the most favorable results relative to entity selection and corporate restructurings. ACSB-MB works with our attorneys to help structure the business form of the entity to maximize liability protection while creating the most tax advantageous structure.

Due Diligence and Mergers & Acquisitions

We understand the complexities of the mortgage banker industry. ACSB-MB has assisted its clients in raising debt and equity, as well as making strategic acquisitions.

Representation before Regulatory Bodies

We provide Compliance reviews for state and federal regulations.

We provide assistance in compiling and organizing the information that is necessary for presentation during regulatory audits.

Accounting Services

Reg AB-Compliance auditing for servicing entities

For those mortgage bankers that have servicing divisions which require attestation audits, we can provide compliance audits.

Assistance with Back-Office Operations

We assist in the design, implementation, and training of your employees in establishing new accounting systems and implementing software to help to produce effective management reporting.

Tax Services

Tax Preparation and Compliance

With the support of ACSB's tax department, our team will provide the services necessary to remain compliant with the filing of corporate tax returns for all jurisdictions.

Tax Planning and Consulting

ACSB-MB along with ACSB's tax department provides tax planning ideas and strategies to maximize tax savings. ACSB-MB provides insight and guidance regarding complex tax issues unique to mortgage bankers.

Contact Santo Chiarelli at sc@acsbco.com.