"Setpoint, which serves more than 200 customers and supports more than 14 asset classes through its software platform for asset-backed finance, provides technology-enabled diligence and verification services designed to speed loan reviews. The company uses AI-assisted document verification, centralized collateral management, and upfront visibility into guidelines and ratings agency eligibility. The future of diligence is built on better infrastructure, said Stu Wall, co-founder and CEO of Setpoint."
"As part of the deal, inTENT Fulfillment's leadership team, including Paul Marchese and Trey Beal, will join Setpoint. Marchese has nearly five decades of experience in mortgage banking and capital markets. Before founding inTENT Fulfillment, he was a senior managing director at Clayton Services, where he helped to grow the firm's annual revenue from about $8 million to more than $200 million while leading diligence programs for major U.S. and global financial institutions."
"Setpoint is a clear leader in applying advanced technology to operations and risk management in asset-backed finance, Marchese said. Combining this modern infrastructure with inTENT's experience is the next step in fulfilling the original objectives set by our founding investors: to build the next generation of loan review and transaction management capabilities."
Setpoint provides technology-enabled diligence and verification services for asset-backed finance, serving more than 200 customers and supporting over 14 asset classes through its software platform. The company uses AI-assisted document verification, centralized collateral management, and upfront visibility into guidelines and ratings agency eligibility to speed loan reviews. Setpoint is acquiring inTENT Fulfillment to combine infrastructure and technology with decades of operating expertise and trusted agency relationships. Paul Marchese and Trey Beal will join Setpoint's leadership, bringing extensive mortgage banking, secondary market, and operations experience. The acquisition remains subject to regulatory approval and other customary conditions.
Read at www.housingwire.com
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