Morningstar Credit Ratings, LLC Reaffirms Rankings for Clayton, Green River Capital and Red Bell
Mon November 13, 2017
TAMPA, Fla., November 13, 2017 – 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:
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.
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.