ORANGE COUNTY HUD AUDITING

Orange County city clients including Huntington Beach, Newport Beach and Fountain Valley are all concerned with the HUD auditing rules and procedures that have become increasingly complex. All small lenders and large brokers working under the HUD and FHA rules must comply with a yearly HUD audit to be in compliance. Not all CPAs are able to perform these HUD audits due to the specialization and relevant knowledge required. Focused and in-depth continual training, education and study are necessary to stay abreast of the ever changing requirements involved. With the fallout of the lending institutions nationwide, new and complex rules must be followed in a strict manner.

SPECIALISTS IN HUD AUDITS FOR FOUNTAIN VALLEY AND HUNTINGTON BEACH

Being one of the few CPA firms in Orange County and one of the top ten national submitters specializing in HUD audits, you can be assured of the most complete and accurate audit possible to satisfy government agencies.  Our niche for HUD auditing brings expertise for following government standards in the audit process.  Avoiding a loss of net worth due to tax complications is one of our main goals. We fully analyze the complete financial picture, produce the necessary HUD audit and make recommendations for future tax management and reduction. As many mortgage companies are S Corporations, we address the global need to integrate corporate and personal planning. We recognize the common accounting challenges for mortgage companies, and assist in addressing them pro-actively with you as your organization grows.

NEWPORT BEACH HUD AUDIT CPA

It is vitally important to be in contact with your CPA on regular basis especially if you fall into the HUD or FHA auditing guidelines. Our clients from Newport Beach as well as Fountain Valley and Huntington Beach count on our up to date knowledge of HUD audits and procedures. Any and all changes in your financial picture or with the government’s requirements should and need to be addressed quickly and accurately. When issues arise, that is our starting point – not the finish line. We also recognize the critical need for K-1 packages and produce accordingly.

MORTGAGE POOLS

Due to the ever-increasing needs for transparency and accountability, you need to work with a firm that understands the issues encountered by mortgage pools.    At Olmsted & Associates, we understand your needs when it comes to auditing, day-to-day accounting, and tax reporting.   Our team has the experience to assist you in a number of ways, some of which includes:

• Ensuring that your annual audit is prepared for investor confidence as well as regulatory compliance
• Deliver timely and complete investor K-1 packages
• Establishing reserves and accounting methods
• Assist with back-office accounting set-up and coordination with servicing efforts

 Please give us a call and we will set up a personal consultation regarding your HUD auditing needs.