TAMPA, Fla., Nov. 13, 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
Morningstar Credit Ratings, LLC, has affirmed a number of vendor
rankings for the company and its Green River Capital (GRC) and Red
Bell Real Estate subsidiaries.
According to the company, Morningstar has issued the following
rankings for:
- Clayton—Clayton received a 'MOR RV2' ranking as a RMBS Deal
Agent and as a Residential Representation and Warranty Reviewer. In
reaffirming the rankings, which Morningstar had initially made in
2016, the rating agency noted the company's management, client
focus, risk management culture and training. It also noted that
over the last 20 years, the company has performed independent
evaluations of RMBS, asset, and servicer performance and maintains
a database of mortgage loans with more than $2 trillion in original balance for trending and
performance analysis. In the last five years, Clayton has performed
more than 300,000 loan reviews for mortgage industry stakeholders,
Morningstar said.
- Green River Capital —Morningstar ranked Green River Capital as
a residential vendor in the asset management market and affirms its
'MOR RS1' residential component servicer ranking for GRC in the
short sales market. Morningstar also affirmed its 'MOR RV2'
residential vendor ranking to GRC for single-family rental property
management and surveillance.
- Red Bell Real Estate and Pyramid Platform—Red Bell Real Estate
received a 'MOR RV1' residential vendor ranking as a residential
vendor in the asset valuation market, and a 'MOR RV1' residential
vendor ranking for its Pyramid Platform as a real estate technology
solutions provider. The rankings reflect the credit rating agency's
assessment of both companies' infrastructure and client-driven
performance results and agreement goals, enabling senior management
to assess capacity and workflow to meet or exceed client
benchmarks.
The outlook for all the rankings is stable.
"We are very pleased with Morningstar's ranking and assessment
of the major components of our services segment," said Rick Thornberry, chief executive officer of
Radian, the parent of all three companies. "Clayton, Green River
Capital and Red Bell Real Estate are all market leaders in their
respective sectors. In reaffirming their rankings, Morningstar
repeatedly called out the experience, capabilities and industry
leadership that reside within these companies, which are
characteristics that help drive their strong market positions.
For more information, go to www.clayton.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'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