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Sumsara Consulting has an established core team of mortgage market, housing and finance resources who represent almost 200 years of mortgage market experience. This team of specialists contains skill sets and experience targeted to the primary and secondary mortgage markets and years of individual and collective experience in underwriting, credit scoring, mortgage products, mortgage-backed securities, document standards, mortgage/housing and finance policy, and regulatory and legal frameworks.
To meet the increasingly complex needs of our clients, SCI has brought together a network of operations, business change management, and finance and accounting professionals, each with over 20 years of leadership experience in large, complex financial institutions. Whether your needs are in the area of regulatory compliance under Sarbanes- Oxley or the Basel II Accord for financial institutions, or in meeting the challenges of transforming your organization to be as competitive and efficient as possible to meet the demands of today's market, our network of consulting professionals can help you succeed in meeting your objectives.
SCI supports the following business disciplines:
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Business process improvement & transformation |
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Organizational & human capital development |
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Finance & accounting |
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Regulatory compliance — Sarbanes-Oxley & Basel
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Enterprise risk management & operational controls |
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Information technology |
Sumsara's Business
Model
Sumsara Consulting has a four-part business model:
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Current
State Assessment: SCI will assess the current state of your operation. |
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Gaps Analysis:
SCI will benchmark your operation with other global markets, products and
services. |
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Improvements/Recommendations:
SCI will design improvements and recommendations to help transition your
business to a world-class operation. |
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Implementation:
SCI will provide the resources and focused teams to work along side your
staff to implement solutions. |
Sumsara's Proven Results
SCI leverages the skills of its executive consulting network in analyzing process improvement opportunities and in assessing operational risk controls to deliver powerful, fully integrated enterprise-wide change and risk management solutions. Our approach allows you to control operational costs and more effectively manage the complexities of operational risk and regulatory compliance. Executive leadership combined with a strong pool of expert consultants makes it easy to create a team uniquely suited to solve your operational, risk management and compliance challenges.
SCI has the business acumen and resources to build targeted teams based on any discipline to deliver on any business need.
Leverage the power of Sumsara Consulting's highly experienced network
of executive- and senior-level consultants to help your organization succeed
in today's increasingly challenging and changing business environment.
All senior management consultants in the Sumsara network bring extensive experience and a proven track record of delivering tangible results for the companies in the financial services industry with whom they have worked.
Examples of these results include:
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Increasing operational capacity for mortgage servicing operations by 600% while reducing operational and organizational costs 30% through business process improvement projects. |
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Reducing mortgage servicing errors to almost zero and settlement fail errors from US $1,000,000 to less than US $10,000 through the implementation of preventive and detective internal controls. |
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Establishing an institutional risk management unit to manage the performance of loan servicing vendors through internal controls and processes which resulted in a reduction of 400 vendors and a transfer of US $3.5 billion in servicing assets over a two-year period. |
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Ensuring compliance with regulations including documenting and attesting to controls in compliance with Sarbanes-Oxley, establishing Statement of Audit Standards (SAS), and implementing automated and procedure controls to achieve the US Treasury's Office of Foreign Assets Control (OFAC) compliance. |
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Directing mortgage purchase operations in the acquisition of a record US $1 trillion in mortgages while driving operational gains of 50% and improving customer satisfaction levels by 20%. |
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Leading the implementation of an outsourced solution for electronic debt auction processing resulting in a US $17 million annual savings in operational costs. |
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Providing customer education services, including technology integration and training, to fuel adoption of the complex products and programs of a Fortune 50 financial services company. Trained 20,000 customer participants and provided business process consulting services to customers that increased revenues and reduced costs of their operations. |
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Leading strategic and tactical organizational change initiatives to support the successful implementation of a US $400 million enterprise wide, multi-year business and technology transformation project. Proactively managed organizational continuity challenges resulting from rapidly developing regulatory requirements, (that is, Sarbanes Oxley) and evolving business models driven by new technology and leadership structures, which enabled individuals, organizations and senior management to achieve desired business results. |
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Managing the policy, content, production and mass distribution processes associated with mortgage finance policy, procedures and industry forms. |
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