Morningstar Credit Ratings, LLC Reaffirms Rankings For Clayton, Green River Capital And Red Bell
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.
SOURCE Clayton Holdings LLC
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