Clayton Holdings to Buy Green River Capital Biz

Clayton Holdings to Acquire Green River Capital BusinessesDeal Expands Clayton’s Offerings and Is Expected to Accelerate Green River’s GrowthClayton Holdings , a leading provider of due diligence, underwriting, surveillance and default servicing to the residential and commercial mortgage and fixed income industries, announced today it has agreed to acquire Green River Capital, LC, a leading provider of REO, short sale and broker price opinion (BPO) services based in West Valley, Utah.  The transaction is expected to close within 60 days.  No financial details were announced.Green River currently has a number of large investor, financial institution and GSE clients.  The company has a staff of approximately 200.  Green River provides its BPO and REO services with the support of a nationwide network of more than 5,000 real estate brokers.Green River will now become a wholly owned subsidiary of Clayton. The company will continue to operate as a standalone business, under its current brand, in its current location and will be led by its current management team. Christopher West, Green River’s founder and chief executive officer, and Paul Bossidy, Clayton’s chief executive officer, will become co-CEOs of Green River, and Joseph D’Urso will remain the company’s president.Commenting on the transaction, Bossidy said: “Green River is an excellent strategic fit for Clayton and our clients.  It will expand our loss mitigation offerings at a time when short sales and REO dispositions are both expected to remain strong. Green River’s BPO offerings will help our clients, along with our Quantum special servicing unit, to make better loss mitigation decisions and will complement Clayton’s diligence and whole loan acquisition services.”West said: “During the past year, our REO and short sale assignments have grown by more than 87 percent. By joining with an industry leader such as Clayton, we expect to continue this growth and create a more scalable company while increasing the strength of the Green River brand.Due diligence provider Clayton Holdings has agreed to acquire Green River Capital, which offers REO, short sale and broker price opinion (BPO) services. Green River is based in West Valley, Utah.The transaction should be closing within 60 days. No financial details were announced.Green River now has a number of large investor, financial institution and GSE clients. The firm’s staff is roughly 200. Green Riverhas a nationwide network of over 5,000 real estate brokers.Green River will now be a wholly owned unit of Clayton. It will still operate as a standalone business under its current brand and in its current location. It will also be led by its current management team. Christopher West, Green River’s founder and chief executive officer, and Paul Bossidy, Clayton’s chief executive officer, will become co-CEOs of Green River. Joseph D’Urso will still be the company’s president.”Green River is an excellent strategic fit for Clayton and our clients,” Bossidy said. “It will expand our loss mitigation offerings at a time when short sales and REO dispositions are both expected to remain strong. Green River’s BPO offerings will help our clients, along with our Quantum special servicing unit, to make better loss mitigation decisions and will complement Clayton’s diligence and whole loan acquisition services.””During the past year, our REO and short sale assignments have grown by more than 87%,” West said. “By joining with an industry leader such as Clayton, we expect to continue this growth and create a more scalable company while increasing the strength of the Green River brand.”