Clayton Holdings announced several leadership changes, most specifically, Lorenz Schwarz (pictured above), the president of Green River Capital, has been promoted to executive vice president of strategic initiatives and new business at Clayton.
Clayton Holdings is a provider of loan due diligence, surveillance, REO management and consulting services to the mortgage industry and the parent of Green River Capital.
In his new role, Schwarz will lead Clayton’s efforts to expand into other mortgage and real estate business lines and develop a plan for integration of Clayton and Radian.
Schwarz brings more than 25 years of experience in the commercial and residential mortgage servicing industry to the company.
As a result, Tim Reilly will succeed Schwarz as president after serving as GRC’s chief operating officer.
Tim Reilly (pictured left), who had been chief operating officer of GRC, has been named President and will now be responsible for managing all of GRC's day-to-day operations. Reilly, who joined the company in 2012, has more than 20 years of experience.
In addition, Patrick Cosgriff, Scott Mowry and Jeff Berg were also promoted to new strategic positions to drive growth.
Cosgriff will now be senior vice president of transaction management, where he will be responsible for the day-to-day operations of the business.
Mowry was promoted to senior vice president of key client initiatives. In this role, he will partner with strategic account managers and will leverage his subject matter expertise to market the services offered by Transaction Management
Lastly, Berg was named vice president of key client initiatives. In his position, he will continue to focus on product development and will also partner with strategic account managers.