SALT LAKE CITY, May 5, 2015 /PRNewswire/-- Green River
Capital, LLC (GRC), a leading provider of REO asset management and
loss mitigation services for mortgage servicers, investment firms,
and banking institutions, announced today that Morningstar Credit
Ratings, LLC (Morningstar) raised its residential vendor ranking as
a residential vendor in the asset-management market to 'MOR RV1'
from 'MOR RV2,' and raised its residential component servicer
ranking in the short sales market to 'MOR RS1' from 'MOR RS2.' The
forecast for both rankings is Stable.
According to Morningstar's bulletin: "The raised rankings
reflect Morningstar's assessment of GRC's operational
infrastructure and client-driven performance results in its
respective duties as a residential component servicer and asset
manager for real-estate owned (REO) properties. The Stable forecast
for both rankings reflects solid performance for GRC's client base
and an enterprise-wide focus on audit, quality control, compliance,
and technology. GRC management has developed an effective
compliance culture that promotes industry best practices through a
solid training regimen, comprehensive and client-driven policies
and procedures, and internal performance monitoring and
reporting."
Morningstar added: "GRC's proprietary technology and overall
systems infrastructure provides the company with a highly flexible
platform from which to pursue new business leads and launch new
products quickly as industry developments occur. GRC's flexible
business model and proprietary technology provide the company, both
as a component servicer and vendor, market growth and a diversified
business strategy, which are evident in recently introduced
business ventures such as collateral underwriting and property
manager oversight and compliance for the single-family rental
securitization market."
"Being a part of two financially strong entities—Clayton
Holdings and the Radian Group—allows us to invest in the
technology, processes and enhancements to provide our clients with
best-in-class services," said Tim
Reilly, President of GRC. "Morningstar's decision to raise
our rankings, combined with our SOC1 reports, speak to the strength
and security of our infrastructure and cultural commitment to
compliance and our clients."
To view the full bulletin, visit Morningstar.com.
About Clayton Holdings LLC
Clayton Holdings LLC, a subsidiary of Radian Group Inc. (NYSE:
RDN), provides risk-based analytics, residential loan due
diligence, consulting, surveillance and staffing solutions. The
company also provides customized REO asset management and
single-family rental services through its Green River Capital
subsidiary; advanced AVMs, BPOs and technology solutions to monitor
loan portfolio performance, acquire and track NPLs, and value and
sell REO through its Red Bell Real Estate subsidiary; and a global
reach through its Clayton EuroRisk subsidiary. For more
information, call 877.291.5301 or visit www.clayton.com.
About Green River Capital
Green River Capital (GRC) is a leading real estate company,
providing REO asset management, loss mitigation, valuation,
collateral review, property management and a full suite of
component real estate services. GRC also offers surveillance
programs and supports investors' single family rental strategies
with pre- and post-acquisition services. GRC uses proprietary
technology and a nationwide network of attorneys, brokers,
appraisers, contractors and title professionals to deliver
scalable, customized solutions. Based in Salt Lake City, Utah, GRC is wholly owned by
Clayton Holdings LLC, a subsidiary of Radian Group Inc. (NYSE:
RDN). Additional information is available at
www.greenrivercap.com.
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SOURCE Green River Capital