RICHEY MAY ACQUIRES AN INTEREST IN AND PARTNERS WITH AMATA SOLUTIONS
Investment in technology and analytics provider will enhance Richey May’s new technology practice and expand business intelligence services to mortgage clients
Denver, Colorado – October 11, 2018 – Richey May, an accounting and advisory firm serving the financial services and real estate industries, announced it has formed a partnership with Amata Solutions to bring customized business intelligence tools to mortgage lenders. Richey May has also acquired an interest in the firm, which is led by mortgage industry veterans and provides technology and analytics that enable lenders to make more confident data-informed decisions.
Products and services provided by Amata Solutions will be wrapped into Richey May Technology Solutions, a division of Richey May launched earlier this year to provide lenders with technology consulting services, including cybersecurity tools and expertise. The partnership follows Richey May’s recent acquisitions of two IT consulting firms, Arrow Partnership and Corporate Blue.
Amata Solutions provides business intelligence and data visualization tools that empower lenders with better access to data that enables them to make better decisions and improve efficiency. The company’s solutions can be applied to all areas of the mortgage business and can be integrated across a mortgage lender’s platforms, including its customer relationship management (CRM), loan origination system (LOS) and general ledger (GL/ERP). As a result of the partnership, Amata will be able to expand its business reach as well as provide its existing clients with access to assurance, tax and business advisory expertise through Richey May.
“Today’s mortgage companies are in dire need of finding efficiencies wherever they can,” said Ken Richey, co-founder and partner of Richey May. “Unfortunately, most business analytics providers only focus on past results and lack the tools and expertise to help lenders plan ahead. With Amata Solutions as our partner, Richey May clients will have access to new resources that will enable them to thrive regardless of market conditions.”
In addition to other services, Amata Solutions can help lenders with budgeting and forecasting, including creating predictive models that enable lenders to estimate future profits and staffing needs and make better pricing decisions. The company also enables lenders to compare their performance with metrics from other lenders, a service that complements Richey May’s existing peer-to-peer benchmarking tool, Richey May Select.
“With tighter margins, rising rates and ongoing regulatory concerns, lenders never know what the future will hold, so they have to plan for any outcome,” said Amata Solutions founder Ben Duke, an experienced financial analyst and former analytics manager for Academy Mortgage. “We are delighted to partner with Richey May. Together, we hope to lead lenders away from ‘old school’ business planning methods and embrace a more dynamic approach to decision-making with real-time information so they may create winning business strategies.”
Richey May Technology Solutions is a results-driven consulting firm offering the full spectrum of technology solutions, from cloud services and cybersecurity to marketing technology, and from governance, risk, controls and privacy to technology management consulting. Led by technology experts with decades of cumulative experience in executive IT roles, the team is focused on providing pragmatic, real-world solutions that deliver value to its clients’ business.
“As a business analytics provider, Amata Solutions is head and shoulders above anything else that’s available in the marketplace right now,” Richey added. “Not only do they provide quality information and ease of implementation, but they are founded by mortgage industry veterans who clearly understand what lenders need. Our clients will reap enormous benefits from this partnership.”
About Richey May
Founded in 1985, Richey May provides assurance, tax, technology and business advisory services to clients in the United States. Based in Denver, Colorado, the firm specializes in the financial services, mortgage banking, alternative investment, and real estate industries, and offers a wide range of tailored solutions to meet the needs of privately-held companies and their owners. For more information, visit www.richeymay.com.