Birdsey Receives S&P Imprimatur

By January 12, 2018 News No Comments

S&P has given a big boost to due-diligence shop Birdsey Group’s effort to expand its footprint in the residential-mortgage market.
Birdsey, best known for its commercial mortgage underwriting services, entered the residential-mortgage field via the 2015 formation of a unit called Birdsey Group Residential. This week, the Atlanta firm received word that S&P will begin using its data to rate and monitor residential mortgage securitizations, adding it to a list of approved due-diligence firms that includes AMC and Clayton Holdings.
“This acknowledgement helps solidify our presence as a leading provider of origination and securitization services,” chief executive Sandford Birdsey said.
S&P considers a number of factors in choosing data suppliers, including staffing, technology, information security and compliance protocols.
Birdsey was founded in 2004. Its clients include banks, independent mortgage lenders, servicers and asset managers.