Regulatory Solutions LLC is pleased to announce that it has acquired the assets of Culp QC, Inc., a provider of quality control, post closing audit services to the mortgage industry. This transaction will significantly increase Regulatory Solutions’ business as well as its presence throughout the United States. Culp QC will continue to operate as a separate division of Regulatory Solutions under the Culp QC name with offices in Owensboro, Kentucky. Terms are undisclosed.
“We are excited to welcome Culp QC’s employees and clients to our growing company,” said Betsy Reynolds, president and founder of Regulatory Solutions. “Culp QC is a great fit as we both share a common approach in providing quality products and services to the mortgage industry.”
Bruce Culp has grown Culp QC over the last 22 years and is retiring after 45 years in the mortgage business. “I feel confident that Culp QC will be in great hands,” he said. “Regulatory Solutions has the same unwavering focus on customer service as we do and an unmatched attention to detail. “Their innovative technologies in providing quality control services will give Culp QC the ability to grow its business and provide exciting new services to clients.”
According to Reynolds, in 2011 she set out to provide practical real world regulatory compliance assistance to financial institutions and mortgage companies. “We now serve clients all over the Southeast and expect our growth to continue nationwide, “she said. “It is an exciting time for us as we continue to serve our expanding client base with quality regulatory solutions.” Last year, the company acquired the assets of Outsource Mortgage Consultants, Inc., in Lexington, Kentucky.
Regulatory Solutions: Regulatory Solutions, a certified Women’s Business Enterprise, is located in Birmingham, Alabama, and provides regulatory and compliance consulting services to banks, mortgage companies, credit unions and investors on a nationwide basis. The company specializes in post closing, pre-funding and servicing quality control reviews for the mortgage industry.
Culp QC, Inc.: Culp QC, Inc., located in Owensboro, Kentucky and founded in 1995, is a leading provider of quality control services nationwide. Bruce Culp, its founder, will be retiring after 45 years in the mortgage business.