The Collingwood Group, a Washington-based mortgage advisory firm, has acquired GWN Consulting LLC, a specialist in FHA and GNMA risk management and quality control services.
Both firms are privately held. No purchase price was disclosed.
According to a statement issued by Collingwood, GWN “also has extensive experience supporting lenders' responses to FHA and HUD Office of Inspector General audits, as well as Credit Watch and Direct Endorsement Authority terminations.”
Based in Reston, Va., GWN will operate as part of Collingwood's Risk Management & Compliance Division, and will be managed by Collingwood chairman, Brian Montgomery, a former FHA commissioner.
GWN was founded by Karen Garner who will be moving over with her firm.
Collingwood was co-founded a few years back by Joe Murin, former president of the Government National Mortgage Association, Montgomery, and others.
