Clayton Holdings Acquires Title, Appraisal Management And Technology Provider: ValuAmerica
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.
SOURCE Clayton Holdings LLC
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