Setpoint Announces Agreement to Acquire inTENT Fulfillment and Expands Rating Agency–Approved Loan Diligence

NEW YORK--(BUSINESS WIRE)--Setpoint, the operating system for asset-backed finance, today announced that it has signed an agreement to acquire inTENT Fulfillment, a specialized loan diligence and transaction management firm with deep rating agency relationships and decades of experience across all residential mortgage and home equity products.

The acquisition expands Setpoint’s rating agency–approved diligence capabilities and strengthens its position as a high-rigor, high-velocity partner for lenders, issuers, and capital markets teams. With inTENT, Setpoint will become rating agency-approved across a broad set of residential mortgage and residential real estate–backed asset classes, including Non-QM, Prime Jumbo, Agency and Agency Investor, DSCR, HEA/HEI, RTL, SFR, Closed-End Seconds, HELOCs, Reverse Mortgages, and NPL/RPL portfolios, by leading rating agencies including Morningstar DBRS, KBRA, Moody’s, Fitch Ratings, and S&P Global.

With more than 200 customers across Setpoint’s products and coverage spanning more than 14 asset classes, Setpoint is a market-leading software platform for asset-backed finance. As part of its offerings, Setpoint provides technology-enabled diligence and verification services that deliver faster, more transparent loan reviews without compromising rigor—supporting a high volume of reviews each month that move approximately 30% faster than industry standards. The platform applies AI-assisted document verification to surface issues early, centralizes collateral, and provides upfront clarity into guideline and rating agency eligibility. The acquisition of inTENT builds directly on this advantage, expanding the range of asset classes Setpoint can support in diligence while reinforcing the security and governance required by capital markets participants.

“The future of diligence is built on better infrastructure,” said Stu Wall, Co-Founder and CEO of Setpoint. “Setpoint brings infrastructure and technology to loan review, while inTENT adds decades of operating expertise and trusted agency relationships. Together, we’re raising the bar for how diligence is delivered.”

inTENT Fulfillment’s leadership team will join Setpoint, including Paul Marchese and Trey Beal, two widely respected leaders in residential mortgage diligence and structured finance.

Marchese brings nearly five decades of experience in mortgage banking and capital markets. Prior to founding inTENT Fulfillment, he served as Senior Managing Director at Clayton Services, where he helped scale the firm from approximately $8 million to more than $200 million in annual revenue and led diligence programs for major U.S. and global financial institutions.

Beal brings more than 25 years of experience across the residential mortgage secondary market, including a two-decade tenure at Clayton, where he progressed from underwriter to senior leadership roles overseeing large-scale diligence, quality control, and transaction management teams. He later served as Chief Operating Officer at Recovco Mortgage Management before helping build inTENT Fulfillment into a trusted diligence partner for complex residential transactions.

“Setpoint is a clear leader in applying advanced technology to operations and risk management in asset-backed finance,” said Marchese. “Combining this modern infrastructure with inTENT’s experience is the next step in fulfilling the original objectives set by our founding investors: to build the next generation of loan review and transaction management capabilities.”

The anticipated acquisition remains subject to customary conditions.