Founded in 2004, 406 Partners is a privately held financial services firm that specializes in asset management, due diligence, compliance and valuation services. It provides residential credit underwriting, compliance and property valuation services for capital markets. The firm is also responsible for data validation, credit underwriting, compliance review, collateral valuation, deal settlement, servicing transfer and portfolio surveillance. 406 Partners services cover various product types in the marketplace, including Prime, ALT A, Subprime, and Scratch & Dent. It additionally offers a real-time web interface that allows underwriters, valuation specialists, managers, and clients to track the loan review progress and results. The firm maintains locations in Salt Lake City, Utah and New York City.