CFO Services
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Mortgage accounting is complex—especially when GAAP unintentionally distorts how revenue and profitability are presented. MBS works with both independent mortgage banks and depository institutions to decode advanced accounting challenges and train your CPA team to manage them effectively. From IRLCs to MSRs and hedge accounting, we help you understand the full impact of revenue recognition rules and support the creation of meaningful financial statements that reflect the reality of your business.
Key Elements of CFO Services
IRLC & Derivative Accounting
Guidance on unrealized gains, MTM of TBA short positions, and fair-value treatment to align with FASB and SEC expectations.
GAAP Compliance & Revenue Stability
Training and advice on revenue timing issues, such as recognizing income on locked loans that may not close and omitting fees at funding.
Financial & Regulatory Reporting
Support for SEC reporting, Call Reports, and understanding how advanced accounting impacts investor and regulator disclosures.
MSR Valuation & Impairment Testing
Accurate analysis and reporting of mortgage servicing rights, including risk of impairment and retention strategy impact.​
Hedge Accounting Training
Customized instruction to help CPAs and internal accounting teams apply hedge accounting methods effectively and defensibly.​
Technology & Data Validation
Ensure clean data flow and system integration through interface validation, SLA verification, and compliance with third-party management standards.