Clayton Holdings Closes Green River Capital Acquisition

SHELTON, Conn., Jan. 18, 2012 /PRNewswire/ -- Clayton Holdings LLC, a leading provider of due diligence, underwriting, surveillance and default servicing to the residential and commercial mortgage and fixed income industries, announced today it has completed the acquisition of Green River Capital, LC, a leading provider of REO, short sale and broker price opinion (BPO) services based in West Valley, Utah.

Green River currently has a number of large investor, financial institution and GSE clients.  The company has a staff of approximately 200.  Green River provides its REO and BPO services with the support of a nationwide network of more than 5,000 real estate brokers.

As expected, Green River will continue to operate as a standalone business, under its current brand, in its current location and led by its current management team. Christopher West, Green River's founder and chief executive officer, and Paul Bossidy, Clayton's chief executive officer, are the co-CEOs of Green River, and Joseph D'Urso is the company's president.

Commenting on the transaction, Bossidy said: "Client reaction to this acquisition has been extremely positive. Strategically and culturally, this is a very good fit for both of our firms and our clients."

West said: "I've enjoyed working closely with Paul and his team as we finalized this deal. I'm confident that together Green River and Clayton will be able to leverage each others' strengths and continue to provide innovative solutions for our clients and the mortgage industry."

About Green River Capital

West Valley, Utah-based Green River Capital (GRC) is a leading REO asset management and loss mitigation provider. The company leverages its proprietary technology and a nationwide network of attorneys, brokers, appraisers, contractors and title professionals to offer scalable and customized solutions. GRC provides REO asset management, portfolio valuation/due diligence, a short sale program and rental program management. GRC's sister companies include a short sale program provider and a BPO company.

About Clayton Holdings LLC

Clayton Holdings LLC, headquartered in Shelton, Connecticut, provides information and services that financial institutions, investors and government entities use to evaluate, acquire, securitize, service and monitor loans and asset-backed securities.  Clayton offerings include risk-based analytics, residential and commercial loan due diligence, consulting, surveillance, independent pricing, and staffing solutions. The company provides customized residential and commercial special servicing solutions through its Quantum Servicing subsidiary. Additional information is available at www.clayton.com.

SOURCE Clayton Holdings LLC



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