Comprehensive financial statement audit, review and compilation for your organization.
Every mortgage company faces the same regulatory reality - you need audited financial statements to satisfy NMLS licensing, GSE seller requirements, FHA approval standards, and warehouse lender covenants, each with their own specifications and deadlines.
Miss one requirement or deadline, and you risk license suspension, funding disruption, or losing your ability to originate loans entirely.
The right audit approach transforms this compliance burden into a strategic advantage - one comprehensive audit that satisfies all stakeholders while strengthening internal controls and positioning your company for growth.
Understanding debits and credits is one thing; understanding loan origination systems, MSR valuations, warehouse line mechanics, and correspondent lending relationships is what separates a mortgage industry audit from a generic financial review. Your business model doesn't fit neatly into standard audit templates - between gain-on-sale accounting, repurchase reserve calculations, and hedging activities, you need auditors who grasp the operational realities behind your numbers.
At Dimov Audit, we bring specialized mortgage industry knowledge that recognizes how your financial statements tell the unique story of origination volume, secondary market execution, and servicing portfolio performance.
We examine your loan manufacturing process through both an operational and financial lens, testing controls around underwriting, closing, and post-closing activities that directly impact your financial reporting.
Your LOS data feeds directly into our audit procedures, allowing us to identify exceptions and anomalies across thousands of loans in minutes rather than weeks.
We provide benchmarking insights comparing your metrics to industry standards, identify operational improvements that enhance profitability, and offer guidance on emerging regulatory trends before they impact your business.
When mortgage companies receive their audit deliverables, they often discover gaps that require scrambling to meet specific regulatory demands - your Fannie Mae submission needs one format, NMLS requires different schedules, and your warehouse lender wants additional certifications.
We've engineered our audit deliverables to anticipate every requirement from day one, providing a comprehensive package that serves as your single source of truth for all stakeholder submissions.
Your balance sheet isn't just assets and liabilities - it's warehouse lines, MSR valuations, repurchase reserves, and derivative positions that require specialized presentation and disclosure.
We structure your financial statements to clearly present mortgage banking activities, including detailed footnotes on fair value measurements, servicing rights accounting, and revenue recognition policies that align with ASC 606 requirements.
Beyond the opinion letter, you need evidence that your operations meet the intricate requirements of RESPA, TILA, HMDA, and state licensing regulations - documentation that proves compliance rather than just asserting it.
Our audit includes targeted compliance testing with detailed workpapers documenting loan file reviews, fee testing, disclosure timing verification, and licensing confirmation across all operational states.
Mortgage companies live or die by their controls - one breakdown in quality control, loan delivery, or financial reporting can trigger warehouse line freezes, GSE suspensions, or regulatory sanctions.
We provide detailed documentation of control testing across critical processes including loan origination, secondary marketing, servicing transfers, and financial reporting, with specific findings and recommendations mapped to COSO framework requirements.
Each audience needs different information - NMLS wants adjusted net worth calculations, Fannie Mae requires liquidity computations, warehouse lenders need borrowing base certificates, and state regulators demand specific financial metrics.
We prepare supplementary schedules tailored to each stakeholder's requirements, including NMLS Mortgage Call Report figures, GSE-required financial covenants, state-specific net worth calculations, and warehouse lending compliance metrics.
Most CPA firms approach mortgage company audits like any other financial services engagement - apply standard testing, check the boxes, and deliver a basic opinion letter. But mortgage banking isn't generic financial services; it's a highly regulated, operationally complex industry where audit deficiencies trigger immediate consequences.
Here's what makes the difference when your license, funding, and reputation are on the line:
Our team maintains active dialogue with regulatory bodies and industry associations, translating emerging requirements into proactive audit procedures before they become mandatory. This forward-looking approach means your audit addresses next year's examination priorities today, positioning you ahead of regulatory curves rather than scrambling to catch up.
We've engineered our audit process for speed without sacrificing quality, using parallel workstreams, automated testing procedures, and dedicated mortgage industry teams that understand your operations from day one. Our systematic approach compresses traditional 12-week audits into 4-6 week engagements, delivering your audit opinion with time to spare for regulatory submissions.
We benchmark your performance against industry peers, evaluate your control environment against best practices, and provide actionable recommendations that strengthen your competitive position. This consultative approach transforms your audit from a necessary expense into a strategic investment that enhances enterprise value, supports capital raising, and accelerates growth initiatives.
Your next NMLS deadline isn't moving. Your warehouse lender won't accept excuses. And every day without audited financials is another day you can't pursue that acquisition, expand that credit line, or satisfy that new investor requirement.
Ready to turn your audit from a scramble into a strategic advantage?
Our dedicated team is ready to assist you on your path to financial success.
211 E 43rd St Suite 7-100
New York, NY 10017
United States
401 NW 31ST AVE
MIAMI FL 33125-4228
United States
211 E 43rd St Suite 7-100
New York, NY 10017
United States