SHELTON, Conn., May 26, 2011 /PRNewswire/ -- Clayton Holdings LLC, a leader in providing customized risk analysis, loss mitigation, operational solutions and staffing services to the mortgage and fixed-income industries, announced today that Rick E. Smith has joined the company as senior managing director in business development focusing on Clayton's Quantum residential and commercial special servicing business.
In this role, Mr. Smith will be responsible for managing client business development and strategy for Quantum Servicing. He will be integral in identifying the needs of existing and potential customers and marketing the appropriate services to meet those needs. Based in the Quantum Servicing offices in Tampa, Fla., Mr. Smith will report directly to Tom Donatacci, executive vice president of business development.
Mr. Smith joins Clayton with more than 30 years of experience in loan administration management and special servicing. Most recently, he was president and chief executive officer at Marix Servicing, Phoenix, Ariz., where he was responsible for business development and start up operations. Prior to that, he held executive positions at Mortgage Lenders Network US, Inc., Key Bank Corporation and Chase Manhattan Mortgage, among others.
"Increasingly, investors look toward special servicers who can provide high-touch solutions and that maximize returns on delinquent, non-performing and underperforming assets," said Mr. Donatacci. "Quantum Servicing consistently aligns its resources in a regulatory compliant manner to meet specific investor objectives for residential and small-balance commercial portfolios. Rick will help ensure that Quantum's service offerings continues to allow our clients' to execute their strategies."
Mr. Smith added, "Quantum Servicing has the right business model, a great operating team already in place and is backed by Clayton's expertise. I look forward to helping grow their business."
About Clayton Holdings LLC
Clayton Holdings LLC headquartered in Shelton, Connecticut, is a leading provider of customized risk analysis, loss mitigation and operational solutions that support the mortgage industry. Clayton's services encompass analytics, residential and commercial loan due diligence, consulting, credit risk management and surveillance, independent pricing, specialized residential and commercial loan servicing, and staffing solutions. Clayton provides transparency, independence, expertise and quality resources to leading investment & commercial banks, institutional investors, government agencies and service providers internationally. Additional information is available at www.clayton.com.
About Quantum Servicing Corporation
Quantum Servicing Corporation, headquartered in Tampa, Florida, is a wholly owned subsidiary of Clayton Holdings LLC. Quantum performs primary and special servicing on prime, Alt-A, sub-prime performing and non-performing loans in both the residential and commercial real estate sectors -- maximizing financial returns for clients' investments by improving loan performance, increasing cash flow and, when necessary, facilitating liquidation. Quantum specializes in transforming heavily delinquent, non-performing loans into cash-flowing assets, delivering customized solutions through proprietary, state-of-the-art technology, extensive analytics and reporting, effective mitigation strategies and an experienced, well-trained staff.
SOURCE Clayton Holdings LLC