AMC wins DBRS due diligence approval

Credit ratings agency DBRS approved American Mortgage Consultants as a third-party due diligence firm, according to the New York based risk management firm. AMC provides loan-level intelligence for mortgages set to be wrapped into securities. The company ascertains the level of risk in the deals by verifying the information provided by borrowers and gathered by lenders. Credit ratings agencies then verify if the due diligence firm data gathering is to a certain standard.
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