Real estate and mortgage industry services provider Clayton Holdings has announced the acquisition of Salt Lake City, Utah-based Red Bell Real Estate and its sister company, Main Street Valuation.
Red Bell's offerings include leading-edge valuation products to investors, lenders, and loan servicers, such as automated valuation models (AVMs) and broker price opinions (BPOs). Red Bell is also a provider of advanced technologies that help investors monitor the performance of loans and loss mitigation activity, acquire and track non-performing loans, and value and sell REO properties through a secure platform.
"Red Bell has done a great job of delivering technology-based solutions that allow its clients to remain competitive within an ever-changing landscape. This acquisition significantly enhances the array of sophisticated solutions that we can offer to our respective clients," said Joe D'Urso, Clayton's president. "Red Bell is an important step in our strategic road map, and will serve as the platform and the foundation for new initiatives within the broader real estate market."
According to the announcement from Clayton, the Red Bell brand will continue and the company's co-founder, Jeffrey Jonas, and his senior management team will remain in Salt Lake City.
"We are excited to join a world-class organization like Clayton that is committed to the real estate and mortgage markets, and is willing to expand our real estate operations and work to develop game-changing innovations," Jonas said.
Clayton, headquartered in Shelton, Connecticut, provides information and services that financial institutions, investors and government entities use to evaluate, acquire, securitize, service, and monitor loans and asset-backed securities. Clayton offerings include risk-based analytics, residential and commercial loan due diligence, consulting, surveillance and staffing solutions.