The CPA firm Baker Tilly US, LLP (Baker Tilly) will acquire California-based The Compliance Group (TCG), a one-stop-shop for mortgage lenders requiring regulatory compliance and seeking risk management. The combination will be effective Dec. 6, 2021.
Financial institutions and independent mortgage bankers continue to shift their focus toward the modern borrower experience, defined by digitization and automation. At the same time, quality control services must keep pace with high demand and evolving compliance requirements.
TCG’s deep understanding of managing the regulatory and risk obligations for the mortgage industry plus Baker Tilly’s extensive financial services specialized knowledge and solutions — internal audit, cybersecurity, digital transformation, regulatory compliance and financial modeling — creates a combination of skills, knowledge and bench strength to produce powerful outcomes for the financial services industry.
“In the hot U.S. mortgage lending market, we provide the regulatory compliance and risk management, along with digital technology, necessary to support our clients from all angles — keeping them agile in a quickly evolving environment,” said Christine Fenske, managing partner of Baker Tilly’s financial services practice.
“Baker Tilly brings TCG clients significantly more resources and capabilities coast-to-coast,” TCG CEO Annemaria Allen said. “We chose to join forces with Baker Tilly because of their vision and strategy and the opportunities we now have to create even more value for our clients and employees.”
TCG’s 110-person remotely located team will join Baker Tilly.
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Tags: Firm Management, Technology
