46
SOURCEPOINT
SIGNS DEAL TO
ACQUIRE THE
STONEHILL
GROUP
Sourcepoint, a Firstsource company,
has entered into a definitive agreement
to acquire e StoneHill Group, a deal
that enhances Sourcepoint's mortgage
offerings with expertise in mortgage quality
control (QC) and due diligence, while also
increasing access to mid-market lenders.
For more than 25 years, Sourcepoint has
helped mortgage companies sharpen their
competitive edge and create value across the
mortgage lifecycle, with services that span
origination, servicing, title and settlement,
post-closing, due diligence, and digital
mortgages.
Sourcepoint's parent company,
Firstsource Solutions, is a global provider
of Business Process Management (BPM)
services and a RP-Sanjiv Goenka Group
company, a provider of transformational
solutions and services for the banking
and financial services, healthcare, and
communications, media, and technology
industries.
"is acquisition is very complementary
and provides us adjacent capabilities in the
mortgage value chain," said Vipul Khanna,
MD and CEO of Firstsource Solutions. "It
enables us to scale the business by leveraging
the strong demand for residential mortgage
loan trading and securitization."
Founded in 1996 by current Chairman
and CEO David Green, e StoneHill
Group services a client base of more than
300 independent mortgage bankers, banks,
credit unions, mortgage servicers and sub-
servicers, and housing finance authorities
nationwide.
"Sourcepoint has extensive experience in
growing capabilities and businesses and has
become a market leader by helping mortgage
lenders and servicers operate with greater
agility," Green said. "We consider them a
perfect fit and look forward to leveraging
their resources and industry reach to take
our company to new heights."
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