DBRS Morningstar Publishes Updated List of Acceptable Third-Party Due-Diligence FirmsRMBS
DBRS, Inc. (DBRS Morningstar) published an updated list of its acceptable third-party due-diligence firms. DBRS Morningstar added Resolute Diligence Solutions (Resolute or the Company) as an acceptable due-diligence firm for business purpose DBRS Morningstar-rated residential mortgage-backed security (RMBS) transactions. Previously, Resolute was only acceptable for Single-Family Rental transactions.
As a result of the Coronavirus Disease (COVID-19) pandemic, DBRS Morningstar did not perform an on-site visit of the Company; instead, it conducted a phone review to assess the staffing, infrastructure, and capabilities of Resolute.
For more information about the approval process or to schedule a review, please contact Kathleen Tillwitz at firstname.lastname@example.org or refer to DBRS Morningstar’s “Third-Party Due-Diligence Criteria for U.S. RMBS Transactions” methodology.
There were no Environmental/Social/Governance factors that had a significant or relevant effect on the credit analysis.
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/396929.
The commentary is available at www.dbrsmorningstar.com.
The principal methodology is the 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, visit www.dbrsmorningstar.com or contact us at email@example.com.
140 Broadway, 43rd Floor
New York, NY 10005 USA
Tel. +1 212 806-3277