Clayton Holdings LLC, a provider of loan due diligence, surveillance, REO management, and consulting services to the mortgage industry, recently announced that it has opened a consulting office in Silicon Valley.
According to the company, the new office will help serve the growing number of financial technology companies being formed in the San Francisco Bay Area, particularly those involved in the mortgage and consumer lending markets.
Clayton Holdings noted that they are helping fin-tech companies close the gap between the innovative technology being developed and the reality of operating in a highly-regulated, well-entrenched industry. Clayton Holdings will provide consultants, operating procedures, and data for these fin-tech companies.
Andrew Pollock, Senior Managing Director and Head of Clayton Consulting, will lead the office in Los Gatos, California and manage the Fintech consulting team.
“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.”
Pollock added, “By opening a local office, we will be better able to serve this growing group of firms by offering our experience and data resources to enhance their innovative ideas and groundbreaking technology.”