Asset Representations Reviewer

Clayton is the only third-party review (TPR) firm to offer an Asset Representations Reviewer (ARR) service to issuers of asset-backed securities (ABS). Currently, the firm is an ARR on more than 350 securities, including auto finance, credit card, student loan and equipment-leasing deals.

As an ARR, Clayton will review assets for representation and warranty compliance in the event that a certain threshold of delinquencies is breached and if investors vote to conduct a review.

Clayton provides consulting services on testing procedure design, helps clients specify the role of the asset reviewer and performs asset review pilot testing.