Can Quicken Loans save Detroit?

Can Quicken Loans save Detroit?

Forbes: “Dan Gilbert is saving Detroit to help his business”

Suspect arrested in case of missing Arkansas Realtor

No word on Beverly Carter; suspect is on parole for theft

Monday Morning Cup of Coffee: Love or loathe – Reverse mortgages, Holder’s legacy

Plus, a week of critical housing and mortgage finance metrics ahoy
W S
Servicing / The Ticker

Green River Capital rated as favorable in servicing, asset management

shadow_home

Green River Capital is rated as “favorable” by Morningstar Credit Ratings in both residential component servicing and REO asset management, according to a new report from the ratings giant.  

Green River (GRC) is considered well prepared in terms of its tech platform and product launch capabilities to deal with emerging products, such as REO-to-rental collateral underwriting. Having this diverse footprint is a boon for Green River, especially with short-sale and REO asset management volumes expected to decline as the market shifts again, Morningstar claims.

Richard Koch, a senior analyst at Morningstar, made those assertions in his latest report on the component servicer and asset manager.

He effectively kept the residential component servicer rating for Green River Capital at ‘MOR RS2’, which is defined as favorable. The vendor ranking came in at the same level, with an ‘MOR RV 2’ rating assigned.  

"The favorable forecast for both rankings is based on our belief that GRC will maintain organizational stability; provide high quality service and performance to its clients, and recognize additional performance efficiencies and technology enhancements as it continues to integrate best practices and leverage synergies with its’ parent, Clayton Holdings," wrote Koch.

Koch said Morningstar is the only ratings agency covering the third-party vendor sector.

Green River Capital became a wholly-owned subsidiary of due diligence firm Clayton Holdings back in early 2012.

Recent Articles by Kerri Panchuk

Comments powered by Disqus