Mortgage industry advisory firm Richey May & Co. announced Monday that it has formed a new business advisory services unit to help companies oversee loan sub-servicer procedures, regulatory reviews and operational efficiency.

Other services offered under the new unit include due diligence for mergers and acquisitions. This is particularly helpful in a market where M&A activity is growing as firms try to compete while complying with an onslought of new lending and servicing rules. 

The group also will oversee financial and operational advisory services.

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