February 2022 — By Harbor View Advisors
PALM BAY, FL, December 24th, 2021 – Sourcepoint, a Firstsource company and leading provider of outsourced mortgage services and solutions, has acquired The StoneHill Group. The acquisition enhances Sourcepoint's mortgage offerings with sophisticated domain expertise – backed by a proprietary platform – for mortgage quality control (QC) and due diligence, while also increasing access to mid-market lenders, where StoneHill is a market leader.
Firstsource Solutions, a global provider of Business Process Management (BPM) services, and an RP-Sanjiv Goenka Group company is a leading provider of transformational solutions and services for the banking and financial services, healthcare, communications, media, and technology industries. A loan QC leader, The StoneHill Group was founded in 1996 by David Green, who grew the company into one of the mortgage industry's largest domestic providers of outsourced mortgage services to banks, mortgage lenders, and credit unions.
Harbor View Advisors acted as the exclusive financial advisor to The StoneHill Group.
Learn more about the transaction and view the full press release.
About Sourcepoint
Sourcepoint is a leading provider of expertly crafted products and services to the U.S. mortgage industry. For more than 25 years, the company has helped leading 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 technology-based business process solutions, together with its right shore delivery model, delivered through a comprehensive array of state licenses, help mortgage companies improve agility, cycle time, and the borrower experience. For more information visit sourcepointmortgage.com.
About The StoneHill Group, Inc.
Founded in 1996, The StoneHill Group is a trusted provider of exceptional loan quality control, mortgage process outsourcing, and technology solutions to the mortgage industry. The company's proven processes, deep experience, technology-enabled, and client-focused solutions deliver capacity, and operational efficiencies, mitigate risk and empower confident compliant decisions. The StoneHill Group services a client base of over 300 independent mortgage bankers, banks, credit unions, mortgage servicers and sub-servicers, and housing finance authorities across the United States. For more information on the StoneHill Group, please visit www.stonehillgroup.com.
About Harbor View Advisors
Harbor View Advisors provides M&A advisory, turnkey corporate development and strategic consulting to software and technology-enabled business services companies. Our unique approach combines the strategic thinking of a consulting firm with the execution experience of an investment bank to provide clients with the full spectrum of guidance they need to achieve their goals.
