Sourcepoint, a Firstsource and mortgage service company, has purchased The StoneHill Group. The purchase will enhance Sourcepoint’s mortgage offering with domain expertise backed by a proprietary platform.
The StoneHill Group offers loan quality control, mortgage process outsourcing and technology services to the mortgage industry, serving over 300 mortgage bankers, credit unions, mortgage servicers and housing finance authorities.
Firstsource Solutions, a global provider of business process management services backed by RP Sanjiv Goenka Group, offers transformational services for banking, financial services, healthcare, communications, media and technology sectors.
“This acquisition is very complementary and provides us adjacent capabilities in the mortgage value chain,” said Vipul Khanna, MD, CEO of Firstsource Solutions. “It enables us to scale the business by leveraging the strong demand for residential mortgage loan trading and securitization.”
“Sourcepoint has extensive experience in growing capabilities and businesses and has become a market leader by helping mortgage lenders and servicers operate with greater agility,” said David Green, chairman & CEO of the StoneHill Group.