NEW YORK--(BUSINESS WIRE)--American Mortgage Consultants, Inc. (“AMC”), a leading provider of outsourced services to participants in the residential and consumer loan mortgage market, announced today that funds managed by Stone Point Capital LLC (“Stone Point”) have acquired a majority stake in AMC. Financial terms of the transactions were not disclosed.
Founded in 1996, AMC provides a wide array of services relating to residential mortgage transactions, including securitization review, loan diligence and consulting services. AMC uses a technology-enabled approach to efficiently and cost-effectively provide services to its clients. AMC services more than 200 active clients and has evaluated over $150 billion of residential loans since 2016.
“We are excited to begin our partnership with Stone Point, which will enable the continued growth of the AMC platform to meet the demands of our clients,” said CEO Michael Franco. “AMC’s commitment to enhancing the breadth, depth, and quality of our existing service and technology offerings will only be enhanced with the completion of this transaction. We look forward to expanding our role as a strategic partner for market participants throughout the mortgage loan lifecycle with innovative solutions to meet the demands of tomorrow’s markets.”
Chuck Davis, CEO of Stone Point, added: “We are thrilled to be partnering with Michael and the AMC team. We have a long history of investing in the real estate technology and services sector and see significant growth opportunities for the company. We look forward to working with the talented team at AMC to help support the company in its continued growth.”
About American Mortgage Consultants, Inc.
AMC, founded in 1996, is a leading nationwide residential and consumer loan due diligence, quality control, securitization review, MSR review, advance assessment, servicing oversight, technology, and consulting services provider. AMC’s market-leading team of mortgage professionals provide customizable solutions to financial institutions nationwide. For more information, please go to www.amcfirst.com.
About Stone Point
Stone Point Capital LLC is a financial services-focused private equity firm based in Greenwich, CT. The firm has raised and managed seven private equity funds – the Trident Funds – with aggregate committed capital of approximately $19 billion. Stone Point targets investments in the global financial services industry, including investments in companies that provide outsourced services to financial institutions, banks and depository institutions, asset management firms, insurance and reinsurance companies, insurance distribution and other insurance-related businesses, specialty lending and other credit opportunities, mortgage services companies and employee benefits and healthcare companies. For more information, please visit www.stonepoint.com.