Broker Financial Statement Review
Reviewed or compiled financial statements for NMLS renewal, state licensing, or lender approval.
Purpose-Built Financial Statements for Mortgage Brokers
Your warehouse lender needs reviewed financials. Your state regulator wants them for licensing renewal. NMLS requires them for your annual filing. But most CPA firms have never prepared financial statements specifically for a mortgage brokerage—and it shows.
Guidepost's Broker Financial Statement Review is purpose-built for NMLS-licensed mortgage brokerages. We prepare reviewed or compiled financial statements in full compliance with SSARS standards, formatted exactly the way your lenders and regulators expect to see them. No revisions. No back-and-forth. Done right the first time.
Whether you need compiled statements for basic state licensing or reviewed financials for warehouse lender onboarding, our team understands the specific format, disclosures, and net worth calculations that mortgage industry stakeholders expect. We handle the technical details so you can focus on originating loans.
What's Included
- Reviewed or compiled financial statements (balance sheet, income statement, cash flow)
- SSARS-compliant accountant's report
- Net worth calculation and compliance verification
- NMLS financial statement filing assistance
- Direct communication with your lender partners if questions arise
Who Needs Broker Financial Statement Review
Mortgage brokerages renewing their NMLS registration
NMLS renewal requires financial statements that meet strict standards. We prepare them to NMLS specifications and assist with filing.
Brokers onboarding with a new warehouse lender
Most warehouse lenders require reviewed financials before extending credit. We prepare them in the format your lender expects, avoiding delays and rejections.
State licensing renewals
Many states require CPA-prepared financial statements as part of the licensing renewal. We handle this requirement smoothly and on schedule.
Our Process
Free Consultation
We review your current situation and determine whether you need compiled or reviewed financials based on your lender and state requirements.
Document Collection
We send you a streamlined intake checklist built specifically for mortgage brokerages—no generic templates wasting your time.
Preparation & Review
We prepare your financial statements in full SSARS compliance with mortgage-specific disclosures and net worth calculations.
Delivery & Filing
Statements delivered in 2-3 weeks, with NMLS filing assistance and lender communication support included.
Broker Review FAQ
Frequently Asked Questions
What's the difference between compiled and reviewed financial statements?
Compiled statements are prepared from your records with minimal verification—your lender or regulator verifies the data. Reviewed statements include accountant procedures to verify the data is reasonable. Most brokers can qualify for compiled statements unless a lender specifically requires reviewed. We'll advise which your situation requires.
When do I need reviewed statements versus a full audit?
Reviewed statements work for most state licensing renewals, basic warehouse lender onboarding, and initial NMLS filings. Audits are required by larger warehouse lenders (typically lines over $500K+), state regulators requiring stronger assurance, and investors. We help clients determine the right level for their situation.
How long does the broker review process take?
From complete document submission to delivery, we typically complete reviews in 2-3 weeks. Timeline depends on the complexity of your operations and how quickly you provide the requested schedules and supporting documentation.
Can you handle NMLS filing assistance?
Yes, absolutely. We prepare the financial statements exactly as NMLS requires and assist with submission. This includes supporting your net worth calculations and handling any follow-up questions from NMLS.
Need Something More?
If your warehouse lender requires audited statements instead of reviewed, or if you want to combine your financial review with tax preparation, we offer:
- Broker Audit
Full GAAS-compliant audits for larger warehouse lines and regulatory requirements
- Audit + Tax Bundle
Combine your financial statements with tax return preparation for consistency and savings
- Bookkeeping & CFO Advisory
Monthly bookkeeping to keep your records audit-ready and ensure smooth review process
Ready to Get Started?
Schedule a free consultation to discuss your financial statement needs. We'll assess your situation and recommend the right level of service.
Or reach out directly