Client’s Name: Federal regulatory agency (disclosure restricted)
Period of Performance: 2009 - Present
Description of Services Provided: Signet Partners provides compliance monitoring and audit services to a Federal regulator in connection with resolving non-performing loans (secured and unsecured). Through resolution agreements between the regulator and institutions acquiring these troubled loans, Signet is responsible for assessing compliance with the terms of these agreements including use of industry best practices in all aspects of duties performed under such agreements. In order to have been awarded this multi-year contract, we had to demonstrate fundamental experience and qualifications in:
- Audit regimen and discipline;
- The workout process from due diligence to settlement and closing; and
- The breadth of asset types that are the included in the agreements.
Inherent in this compliance audit engagement is our practical experience as an RTC/FDIC fiduciary in conducting comparable asset management and disposition contracts. Relevant experience required in connection with these compliance audits include:
- Fundamental understanding of resolution agreement provisions and compliance criteria;
- Design and conduct of field audit methods, procedures and quality control;
- Knowledge of best practices for real estate lending, due diligence, valuation, workout, disposition and transaction management and reporting;
- Knowledge of underlying asset types - subsidiary entities, REMIC securities, non-performing loans, servicing rights, and “other” loans and ORE assets;
- Records Management and Client Reporting - document re-creation, development of security procedures, file/ database management and tracking systems.
- GSA Schedules
- Company Resources
Signet Partners
7400 E. Crestline Circle
Suite 150
Greenwood Village, CO 80111
Phone: 303.773.3330
Toll Free: 888.901.3330
Fax: 303.773.6256
Email: info@signetpartners.com
