Clayton Holdings Reaffirmed as Third-Party Due Diligence Firm by Standard & Poor's
SHELTON, Conn., June 12, 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 that Standard & Poor's (S&P) has completed its annual review and reaffirmed the company as a third-party due diligence provider for residential mortgage-backed securities rated by the agency.
Clayton has been an approved third-party provider for S&P since 2009, when the ratings agency first began evaluating due diligence providers under its new criteria.
"We are pleased that S&P has again recognized our due diligence capabilities," explained Paul Bossidy, Clayton's chief executive officer. "S&P's ongoing re-evaluation process sends an important message to the marketplace: Going forward, only the most qualified, independent firms will review the collateral backing non-agency securities."
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 and REO management, BPOs and a short sale program through its Green River Capital subsidiary. A global reach in the financial services industry is provided by the company's European subsidiary, Clayton EuroRisk. Additional information is available at www.clayton.com.
SOURCE Clayton Holdings LLC