DBRS, Inc. (DBRS Morningstar) published its updated list of acceptable third-party due-diligence firms. DBRS Morningstar added RRMS Advisors as an acceptable due-diligence firm for DBRS Morningstar-rated reverse mortgage transactions.
DBRS Morningstar typically conducts an on-site review to assess the staffing, infrastructure, and capabilities of the company. However, due to travel restrictions resulting from Coronavirus Disease (COVID-19), a phone review was conducted instead.
For more information about the approval process or to schedule an on-site review, please contact Kathleen Tillwitz at email@example.com or refer to DBRS Morningstar’s “Third-Party Due-Diligence Criteria for U.S. RMBS Transactions” methodology.
A description of how DBRS Morningstar considers ESG factors within the DBRS Morningstar analytical framework can be found in the DBRS Morningstar Criteria: Approach to Environmental, Social, and Governance Risk Factors in Credit Ratings at https://www.dbrsmorningstar.com/research/373262.
The principal methodology is Third-Party Due-Diligence Criteria for U.S. RMBS Transactions (September 11, 2020), which can be found on dbrsmorningstar.com under Methodologies & Criteria.
For more information regarding rating methodologies and Coronavirus Disease (COVID-19), please see the following DBRS Morningstar press release: https://www.dbrsmorningstar.com/research/357883.
For more information regarding structured finance rating methodologies and Coronavirus Disease (COVID-19), please see the following DBRS Morningstar press release: https://www.dbrsmorningstar.com/research/358308.
For more information, visit www.dbrsmorningstar.com or contact us at firstname.lastname@example.org.
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