SHELTON, Conn., Oct. 8, 2015 /PRNewswire/ -- Clayton
Holdings LLC, a leading provider of loan due diligence,
surveillance, REO management, valuations and consulting services to
the mortgage and real estate industries, announced today that it
has acquired ValuAmerica, Inc. a Pittsburgh-based, national title agency,
appraisal management company and technology provider.
ValuAmerica is a national title agency and a fully-compliant
appraisal management company with coverage across all 3,143
counties in the U.S. In addition, the company's award-winning
technology platform, ValuNet xsp, helps mortgage lenders and their
vendors streamline and manage their supply chains and operational
workflows.
ValuAmerica will continue to operate under its current brand and
at its current headquarters in Pittsburgh, Clayton said. ValuAmerica's senior
management team, led by Shawn
Murphy, will remain on board and continue to provide the
same level of quality products and service to its clients. No other
terms of the transaction were announced.
"The acquisition of ValuAmerica significantly expands the scope
of title and valuation services Clayton offers our mortgage clients
and continues to show our commitment to being a complete solution
provider to the mortgage and real estate industries," said Joe
D'Urso, president of Clayton. "In addition to a full range of title
and closing services, we are able to offer a full suite of
valuation products—from full appraisals and BPOs to enhanced
automated valuation estimates (AVEs)—as well as flood, property and
mortgage information."
Commenting on the transaction, Murphy said: "Joining with
Clayton and its parent, Radian, gives us the resources to further
develop the technology, infrastructure and vendor networks required
for today's more competitive, compliance-focused environment. Our
entire management team is pleased to join the Clayton family and
excited to be a part of its future growth."
About ValuAmerica
ValuAmerica, headquartered in
Pittsburgh, is a provider of real
estate information and technology services to the residential
mortgage and real estate industry. Through its two main operating
divisions—Intelligent Property Solutions and Innovative Technology
Solutions—the company provides a comprehensive suite of title,
closing, flood, valuation, and settlement services and develops
technology to help automate workflow and compliance processes.
ValuAmerica was founded in 1996 by a management team that pioneered
the concepts of appraisal and vendor management. For more
information, visit www.valuamerica.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.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/clayton-holdings-acquires-title-appraisal-management-and-technology-provider-valuamerica-300156417.html
SOURCE Clayton Holdings LLC