CHICAGO – Baker Tilly Virchow Krause (Baker Tilly) has been selected by Joseph A. Smith, Monitor of the national mortgage settlement, as a secondary professional firm to validate the settlement compliance of one of the five mortgage servicers named in the agreement.
Throughout the next three and a half years, Baker Tilly will provide support to the Monitor as he and his team oversee implementation of the settlement involving 49 states, the US government, and five of the nation’s largest banks.
"Baker Tilly Virchow Krause embodies the expertise and independence we need in monitoring this settlement. I am pleased to have them on our team," said Smith.
"Baker Tilly is pleased to have been selected for this important role," said Christine Anderson, CPA, CITP, Managing Partner - Assurance, and Financial Services Industry Leader at Baker Tilly. "This work will employ our independence and objectivity, significant mortgage banking industry experience, and technical expertise to validate compliance with the settlement agreement."
Baker Tilly conducts audit, accounting, or advisory services for approximately 200 financial services organizations and more than 300 government organizations. These services include audits, reports to governmental agencies, agreed-upon procedures, internal audit reviews, proforma and projected financial statements, financial analysis, specialized financial reports, and accounting system reviews.
About Baker Tilly Virchow Krause, LLP (bakertilly.com)
Baker Tilly Virchow Krause, LLP (Baker Tilly) is a nationally recognized, full-service accounting and advisory firm whose specialized professionals connect with clients and their businesses through refreshing candor and clear industry insight. With approximately 2,800 employees across the United States, Baker Tilly is ranked as one of the 15 largest accounting and advisory firms in the country. Headquartered in Chicago, Baker Tilly is an independent member of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 147 territories, with 33,600 professionals. The combined worldwide revenue of independent member firms is $3.4 billion.
About the Office of Mortgage Settlement Oversight
Information about Joseph Smith and the Office of Mortgage Settlement Oversight is available at www.mortgageoversight.com.