Aiming to help the growing population of financial technology companies in and around the San Francisco Bay area, particularly those involved in the mortgage and consumer lending markets, Clayton Holdings announced the opening of a consulting office in Silicon Valley.
Clayton, a provider of loan due diligence, surveillance, REO management, and consulting services to the mortgage industry, said that it hopes to assist Fintech companies “bridge the gap between the innovative technology being developed and the reality of operating in a highly-regulated, well-entrenched industry by providing consultants, operating procedures and data.”
Andrew Pollock, senior managing director and head of Clayton Consulting, will lead the office in Los Gatos, Calif., and manage the Fintech consulting team, Clayton said in a release.
“Entrepreneurs and venture capital firms are turning their significant energy and resources to the consumer lending and mortgage industries, developing alternative ways of vetting borrowers, creating new loan origination systems and bringing other ideas and solutions to the lending industry,” said Joe D’Urso, president of Clayton.
“But innovation doesn’t always account for regulatory compliance, and Clayton has the data, experience and consultants to help these companies bridge the gap between their ideas, technology and the highly-regulated industry that they are seeking to join and change,” D’Urso added.