Green River Capital, LLC ("GRC") headquartered in West Valley City, Utah, provides REO Asset Management, Short Sale, Property Rental and Real Estate Valuation services for its clients, which include national and regional banks, government agencies, servicers, private equity firms, and credit unions. GRC and its subsidiary, GR Financial, LLC (“GRF”), are subsidiaries of Clayton Holdings LLC.
REO Asset Management
Experienced leadership, incomparable technology and a proactive approach to REO management sets GRC apart from other asset management companies.GRC believes that in today’s market, micro management and flexibility in repairs of REO Assets is required to obtain the best possible sales results. Lowering sales prices is NOT always the answer. GRC shall provide the client with full “turn-key” REO management services which include the following:
Over the last two years, GRC has developed several similar key engagements in which we had to work on our clients’ systems during a steady increase of new REO flow. The challenges differed with all four; generally a 60 day start-up period allowed us to get all the processes worked out, along with fully understanding the client’s expectations. The more training on the system and the greater understanding of the tasking profiles prior to the transfer ensured a smooth, working relationship. In addition, our IT department mapped our systems to client systems allowing us to move dates between our clients’ companies on a daily basis.
Loss Mitigation & Borrower Outreach
GRF has the philosophy that integrating a strong loss mitigation effort with the real estate expertise provided by an experienced short sale team will not only provide an increase in pre-foreclosure workouts, but will significantly reduce loss severities and timelines.GRF uses neighborhood home consultants who are FDCPA trained to perform door knocking and face-to-face interviews with borrowers which can include financial information gathering.Early Borrower intervention is the key to improved results. Clients can refer cases to GRF at any point in the delinquency:
Green River Financial (GRF) is licensed as a debt collector in 49 States (MA is pending approval) and the District of Columbia. GRF has been successful in producing a right party contact rate that averages 58%. The average delinquency on the asset group was 784 days delinquent. With the increase in foreclosure timelines, short sales and door knocking should be introduced early in the delinquency timeline to engage the borrower and reduce loss severity and delays.GRF is SOC1 certified. This includes our processes, systems and controls for monitoring each.GRF’s program is considered a “bolt-on” service that can be utilized by any servicing company and is easily adapted to their default processes.
GRC leverages its strategic alliance, Infinity Valuation Services, a nationwide valuation company for a variety of property valuations. Created from an industry need to a have Broker’s Price Opinion focused on the unique aspects of the distressed asset market, we have the ability to tailor products to meet the specific needs of our clients, and the understanding of the high expectations which includes extra initiatives to provide the most comprehensive product possible. IVS along with our nationwide network or real estate professionals fills a distinctive niche in the real estate market. Our property valuation services include: