Baker Tilly buys mortgage lending specialist The Compliance Group

Baker Tilly US has acquired The Compliance Group, a Carlsbad, CA-based consulting firm specializing in compliance and risk management for mortgage lenders.

Founded in 2000, The Compliance Group (TCG) advises financial institutions in the mortgage industry on compliance, quality control, and licensing in all 50 states and the District of Columbia. The firm’s consultants apply decades of state and federal regulatory compliance and risk management experience to help clients navigate evolving regulations as the borrower experience grows more digital and automated.

Baker Tilly’s acquisition of TCG, which is effective December 6, will add 110 remotely located employees. The deal will strengthen Baker Tilly’s wider capabilities in serving the financial services industry – with offerings across internal audit, cybersecurity, digital transformation, regulatory compliance, and financial modeling.

“In the hot US mortgage lending market, we provide the regulatory compliance and risk management, along with digital technology, necessary to support our clients from all angles — keeping them agile in a quickly evolving environment,” said Christine Fenske, managing partner of Baker Tilly’s financial services practice.

The deal arrives on the heels of Baker Tilly’s acquisition of CPA firm MFA Companies, which expanded the Chicago-based firm’s presence into Boston. The accounting and consulting firm has 4,600 employees across the US and revenues of approximately $1 billion.

Baker Tilly US is part of Baker Tilly International, which has 36,000 people across member firms in 148 territories and global revenue of $4 billion.

“Baker Tilly brings TCG clients significantly more resources and capabilities coast-to-coast,” said Annemaria Allen, CEO of TCG. “We chose to join forces with Baker Tilly because of their vision and strategy and the opportunities we now have to create even more value for our clients and employees.”