Under Ken Richey’s leadership, Richey May has expanded to meet the needs of the mortgage banking industry and now has award-winning services in accounting, tax, technology and business advisory solutions.
He is a frequent author, speaker and thought leader in the mortgage banking industry and his relationships are the foundation of the entire firm’s success. Richey was the only third party invited by the Mortgage Bankers Association in 2019 to participate with their leadership team to meet jointly with officials from the U.S. Department of the Treasury in Washington, D.C. There, he recommended modifications that clarified proposed federal income tax regulations allowing the 20% Qualified Business Income tax deduction to residential and commercial mortgage lenders and financial institutions.
Richey oversaw the launch of Richey May’s new technology solutions practice, including the acquisition of AMATA Solutions to expand business intelligence services designed for mortgage lenders.
In 2019, he enabled two successful M&A transactions, as well as led the efforts of multiple due diligence projects and relationship building behind the scenes. He also authorized the expansion of the Women’s Leadership Commission to become ELEVATE, Richey May’s diversity and inclusion program. Richey has encouraged the leadership team to expand their mission to include all underrepresented groups and enable people from diverse backgrounds to succeed in accounting and the mortgage services industry. Richey has hosted several online round tables to assist mortgage companies in dealing with the problems caused by COVID-19, facilitating conversation between leaders to solve problems quickly and help the industry navigate the uncertain future.
What has been your secret to success?
Without question, the secret to the firm’s success, and therefore, my career success, is surrounding myself with quality partners and employees. Leaders of great teams are better together than they are apart and make decisions that are in the best interest of the team and not the individual.
