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DHG Welcomes David Ruffin, Erich Bumgardner and Loan Review Team


Raleigh, N.C., Nov. 1, 2016 – DHG welcomes David Ruffin and Erich Bumgardner, who will join the DHG Financial Services practice from Credit Risk Management Analytics (CRMa). Ruffin and Bumgardner will lead a team of 11 employees to launch DHG Credit Risk Management, a loan review practice complementing DHG’s financial services and risk advisory practices. This team will provide loan review services to regional and community-based financial institutions. DHG is purchasing the majority of the loan review business, including due diligence loan review, from CRMa, and DHG will serve the majority of CRMa’s loan review clients.

“David, Erich and the loan review team are the preeminent leaders in this space and have built a reputation on quality work and outstanding client service,” said Walter McNairy, Managing Partner, DHG Financial Services. “I have known and worked with David and his team for more than 20 years, and we are very excited to welcome them to our practice. We look forward to providing loan review and due diligence loan review services to financial institutions across the country and believe these services are a great complement to our existing advisory services such as model validation, IT advisory, strategic planning, and internal audit and compliance.”

“As a firm, DHG has a strong culture, and we have similar philosophies when it comes to adding value to the work we perform for clients,” said David Ruffin, Director, DHG Financial Services. “DHG Financial Services is a great fit for our work, and we will continue emphasizing technical capabilities delivered through a personalized approach. We are excited to join the team.”

CRMa will focus on providing underwriting services, allowance for loan and lease losses (ALLL) and current expected credit loss (CECL) model software, enterprise risk management (ERM) offerings, and analytics to community banks. The DHG Credit Risk Management team will work with CRMa in offering due diligence services with respect to loan portfolios.

“We are excited to work with DHG through this transaction, since it enables CRMa to continue to grow nationally and to invest in our software and analytics for our clients. We also are excited to continue providing due diligence that offers keen insight into the overall credit mark through the combination of CRMa’s expected loss analytics with the powerful loan review services of DHG,” said Mark Prior, Chief Executive Officer, CRMa.

Based in Raleigh, Ruffin is a prominent leader with more than 30 years of experience providing credit risk management services to clients in the financial services industry. Ruffin presents at more than 25 financial institution industry conferences a year on various credit-related topics and is a frequent author of articles for trade publications. Prior to joining DHG, Ruffin co-founded Credit Risk Management Analytics, L.L.C., and served as the company’s chief strategy officer.

Bumgardner is also based in Raleigh and brings more than 25 years of experience in the financial services industry. Prior to DHG, Bumgardner co-founded and served as a member of Credit Risk Management Analytics, L.L.C.

About DHG Financial Services

DHG Financial Services, a national practice of Dixon Hughes Goodman, focuses on publicly traded and privately-held financial services companies across the U.S. Our professionals provide our clients with in-depth industry knowledge and a wide range of assurance, tax and advisory services to address issues facing the financial services industry in today's challenging environment. Visit for more information.

About Dixon Hughes Goodman LLP

With more than 2,000 people in 13 states, Dixon Hughes Goodman ranks among the nation’s top 20 public accounting firms. Offering comprehensive assurance, tax and advisory services, the firm focuses on major industry lines and serves clients in all 50 states as well as internationally. Visit for additional information.

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