Specialty Mortgage Product Solutions

What Specialty Mortgage Product Solutions does

Specialty Mortgage Product Solutions, LLC (SMPS) is a privately held, boutique B2B consulting firm headquartered in Simi Valley, California, that advises U.S. mortgage lenders, Government-Sponsored Enterprises (Fannie Mae, Freddie Mac), state and local Housing Finance Agencies (HFAs), and trade associations on affordable housing and construction lending programs. The firm is led by two principals — Dottie Sheppick, former Bank of America Affordable Housing Executive and 11-year Fannie Mae program developer, and Theresa Hagman, former Bank of New York Mortgage Audit Executive and Regulatory Compliance Manager — and positions itself as a nationally recognized authority in construction, renovation, down payment assistance (DPA), and renovation financing programs including One Time Close, 203(k), Freddie Mac CHOICERenovation, and Fannie Mae HomeStyle.

SMPS delivers four core service lines: Affordable Lending Services, Construction Lending Services, Product Development Services, and Compliance/Audit/CRA Services. Engagements are delivered as fixed-scope professional services rather than as a software platform, with deliverables spanning business case development for GSE variances, system-engineering requirements, desktop procedures, training programs, document development (builder review forms, draw request forms, construction loan agreements), program-specific guidelines, and department planning for affordable housing production support. Notable engagements include authoring uniform standard legal documents for subordinate DPA loans (now published on GSE websites), leading the development of the HFA 1 Lender Toolkit with NCSHA, and resolving 508 construction workout projects (approximately $200M) for a national bank over an 18-month period.

The business model is straightforward professional services: quote-based, project-priced consulting engagements sourced through direct B2B outreach, referral, and industry association networks (NCSHA, MBA, NAHREP, AREAA, CAR). There are no disclosed pricing terms, no software or subscription revenue, no funding rounds, and no headcount figures in the public record, and the operating geography is exclusively domestic United States. SMPS does not sell a technology product; its deliverable is human-led advisory labor backed by the institutional credibility of its principals.

Name

Specialty Mortgage Product Solutions

Legal name

Specialty Mortgage Product Solutions, LLC

Website

https://dtspecialty.com

Company type

Private

Operating status

Operating

Short description

Specialty Mortgage Product Solutions is a U.S. boutique consulting firm advising mortgage lenders, GSEs (Fannie Mae, Freddie Mac), state housing finance agencies, and trade associations on affordable housing, construction lending, product development, and compliance/audit services.

Ownership category

akta.pro rank

Product category

Mortgage Banking Consulting

NAICS

Other Management Consulting Services (541618), Other Activities Related to Credit Intermediation (52239)

SIC

Services-Management Services (8741), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Non-Qualified Mortgage (Non-QM) & Specialty Product Brokers (FSALABAG)

akta.pro secondary industries

SME Relationship Management & Advisory (Credit, Growth, Succession) (FSABABAJ), Government-Sponsored Enterprises (GSEs) & Government Mortgage Liquidity Providers (FSALAKAC)

Keywords

• Mortgage consulting services
• Affordable housing lending
• Construction lending solutions
• Mortgage compliance services
• GSE program advisory

Headquarters

HQ city

Simi Valley

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Revenue model

1. Consulting Services: Professional consulting services for affordable housing programs, construction lending, and mortgage banking operations. Revenue is generated through project-based consulting engagements, business case development, procedure development, training programs, and operational assessments.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Specialty Mortgage Product Solutions (SMPS) is a B2B consulting firm that designs, develops, and implements specialty mortgage product programs for lenders, banks, government-sponsored enterprises (GSEs), and state/local housing finance agencies. Core service lines include Affordable Lending consulting (bond programs, down payment assistance, HFA programs), Construction Lending consulting (One Time Close, 203(k), CHOICERenovation, HomeStyle), Product Development for GSE variances with end-to-end implementation, and Compliance/Audit/CRA gap remediation services.

Product overview

Specialty Mortgage Product Solutions (SMPS) is a B2B consulting firm offering a portfolio of specialized advisory services for the mortgage banking industry. The core offerings include Affordable Lending Services, Construction Lending Services, Product Development Services, and Compliance/Audit/CRA Services. These services are delivered through distinct modules including policy and procedures development, document development, training programs, and program-specific guidelines. SMPS does not offer a unified software platform but rather provides consulting expertise, business requirements documentation, desktop procedures, and training materials tailored to specific mortgage products and GSE programs such as Fannie Mae, Freddie Mac, and state housing finance agencies.

Differentiator

Problem solved

Functional benefit

Products and services

• Affordable Lending Services Consulting services to design or enhance procedures, technology, and operational support for bond programs, housing finance agency programs, and down payment assistance programs. Serves banks, lenders, and HFAs nationwide.
• Construction Lending Services Development of origination and construction process management and disbursement services covering One Time Close, Custom Construction, 203(k), Freddie Mac CHOICERenovation, and Fannie Mae HomeStyle programs. For banks and lenders offering construction and renovation financing.
• Product Development Services Speed-to-market implementation for new mortgage products including business case development for GSE variances, system engineering, desktop procedures, and training programs. For regional lenders, national mortgage bankers, and financial institutions.
• Compliance, Audit, and CRA Services Evaluation and remediation of operational, systems, compliance, and risk gaps in current platforms for financial institutions. Includes audit-readiness and CRA program advisory.
• Construction Lending Policy and Procedures Writing of business requirements for loan origination and construction management systems, including policy and procedures for builder review, project review, draw administration, title review, extension fees, and loan modification. For construction lenders.
• Construction Document Development Document development for compliance and borrower/builder clarity, including contractor/builder review forms, insurance requirements, construction loan agreements, breach letters, builder affidavits, and draw request forms.
• Borrower Draw Request Booklet Educational materials to guide borrowers through the construction draw process from initial draw to final draw.
• Down Payment Assistance Program Development Development or enhancement of procedures to approve down payment assistance programs and ensure effective participation in state and local housing agency first mortgage programs.
• Program-Specific Guidelines and Desktop Guides Writing of program-specific guidelines with desktop guides, system screen prints, and step-by-step instructions for loan officers, processors, and secondary and capital markets teams.
• Affordable Housing Production Support Department Planning Design of affordable housing production support department plans including position descriptions, job duties, salaries, and coordination with production channels, audit, compliance, legal, fair lending, and servicing.
• Manufactured Housing and ADU Financing Consulting Advisory services for manufactured housing or accessory dwelling unit (ADU) financing programs.

Quantifiable outcome

• Resolved 508 construction workout projects ($200M) in 18 months

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and minor.

• Freddie MaccoreStrategic or Co-development PartnerSMPS worked for Freddie Mac to develop uniform standard legal documents for subordinate down payment assistance loans. Fannie Mae joined the project, and the documents are now available on the GSE websites.
• Fannie MaecoreStrategic or Co-development PartnerJoined Freddie Mac project with SMPS to develop standard legal documents for subordinate down payment assistance loans. SMPS developed business case for Fannie Mae variance for a national mortgage banker client.
• National Council of State Housing Agencies (NCSHA)coreStrategic or Co-development PartnerSMPS was engaged to lead a team of prominent HFA trailblazers to simplify HFA programs and processes. With NCSHA and MBA support, results led to development of the HFA 1 Lender Toolkit.
• Mortgage Bankers Association (MBA)minorStrategic or Co-development PartnerIndustry association supporting SMPS-led initiative to simplify HFA programs and processes, contributing to HFA 1 Lender Toolkit development.
• California Association of Realtors (CAR)coreImplementation/ SI/ Consulting PartnerSMPS wrote a training program for CAR and their members on how affordable programs can boost sales by providing consumers with credit-qualifying support using affordable housing products and programs.
• NAHREP (National Association of Hispanic Real Estate Professionals)minorOthersIndustry association affiliation displayed on website, indicating professional network and industry community involvement.
• AREAA (Asian Real Estate Association of America)minorOthersIndustry association affiliation displayed on website, indicating professional network and industry community involvement.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Deloitte (Financial Services Advisory): Big Four advisory practice with a sizable mortgage banking and housing finance segment that supports banks, GSEs, and HFAs on compliance, risk, and product design — directly overlapping with SMPS's operational assessment, CRA, and product development services.
• SitusAMC: Large mortgage services and advisory firm offering consulting, valuation, and operational services to lenders and investors, including construction loan and affordable housing support overlapping with SMPS's construction lending services.
• Alvarez & Marsal: Global professional services firm with dedicated mortgage, financial services, and real estate advisory practices that serve the same enterprise banking and GSE clients as SMPS, particularly on distressed asset and operational improvement work similar to SMPS's construction workout engagements.
• Stifel Public Finance: Investment bank with a public finance/HFA practice underwriting and advising state housing finance agencies on bond programs — adjacent to SMPS's affordable housing work that supports the same HFA clients on program design and DPA.
• Protiviti: Risk and consulting firm with a financial services practice focused on internal audit, compliance, and operational improvement for banks and mortgage lenders — directly competes with SMPS's compliance/audit/CRA line of service.
• KPMG Advisory (Financial Services): Big Four advisor serving mortgage lenders and housing finance agencies on regulatory compliance, audit, and operational transformation, competing with SMPS for the same bank and GSE advisory budget pools.
• Baker Tilly US (Financial Services Advisory): Mid-tier advisory firm with a financial services and affordable housing practice that advises lenders, HFAs, and community banks — overlapping with SMPS's affordable housing program design and DPA work.

Others

• Housing Partnership Network: Nonprofit collaborative of affordable housing and HFA members that delivers technical assistance on affordable housing program design — ecosystem partner to SMPS serving the same HFA and affordable lender constituency.

Emerging players

• CW Title (Affordable Housing & DPA consulting): Specialty consulting advisors supporting affordable housing lenders with DPA program implementation and operational training — narrowly comparable to SMPS's affordable lending services product line.

Direct peers

• Mortgage Industry Advisory Corporation (MIAC): Niche mortgage industry services firm providing advisory, analytics, and mortgage product expertise to lenders and investors — comparable to SMPS as a specialty player serving the mortgage capital markets and lending community.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Specialty Mortgage Product Solutions