TAMPA, Fla., Aug. 29, 2017 /PRNewswire/ -- Clayton
Holdings LLC, a leading provider of loan due diligence,
surveillance, REO management, consulting, valuation, title and
settlement services to the mortgage industry, announced today that
it is offering a comprehensive securitization readiness solution
for non-agency assets. The end-to-end offering includes advisory
and preparedness support for pre-securitization due diligence
review, originator and guideline assessment and ongoing monitoring
structure and setup.
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The solution is designed to help lenders and aggregators prepare
for compliance with the new requirements and expectations for
private label securitizations (PLS), and to assure that asset
reviews and reporting capabilities will meet current guidelines
prior to issuance. The solution includes a review of relevant scope
and process requirements, including a rating agency-accepted
assessment of credit underwriting, data management, regulatory
compliance, valuation and potential fraud.
As an accepted third-party reviewer by all Nationally Recognized
Statistical Rating Organizations (NRSROs) and the first company
rated by Morningstar and Fitch as a deal agent and representation
and warranty reviewer, Clayton is uniquely positioned to assist in
the design and implementation of due diligence and ongoing
oversight structures and controls sought by the NRSROs and the PLS
investor community.
"Currently, a growing number of lenders and aggregators are
actively considering entry into the private label securitization
market or at least understanding their options," said Jeff Tennyson, president of Clayton. "Our
securitization readiness solution will help new issuers jumpstart
the process and prior private label issuers be prepared for new
requirements they will face. This offering is another example of
how Radian and Clayton continue to offer innovative products and
services to the mortgage industry."
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's subsidiaries include: Green
River Capital, customized REO asset management and single-family
rental services; Red Bell Real Estate, advanced AVMs, BPOs and
technology to acquire and track performance of loan portfolios and
NPLs; ValuAmerica, national title and appraisal management company
and vendor management technology provider; and Clayton Euro Risk,
global services. For more information, call 877.291.5301 or visit
www.clayton.com.
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SOURCE Clayton Holdings LLC