Green River Capital (GRC), a Utah-based REO asset management and loss mitigation provider for mortgage servicers, investment firms, and banks, has announced the promotion of two employees to senior vice president positions as well as the hiring of one VP from outside the company.
Laura Ferris and Aviva Bush, both of whom joined GRC in December 2007, were promoted to SVP positions. As SVP, Bush's responsibilities will be to continue managing the boarding, title, and closing functions of GRC. Prior to her promotion, Bush has served as a VP with GRC and has also held executive positions with Fidelity, Fairbanks Capital, LOGS, and First National Bank of Commerce.
Ferris moves into the position of SVP – Product Development, where she will work with rating agencies as well as existing new clients to create new products and services to help GRC grow. She previously served for GRC as VP – Component Services, a division she played a key role in developing. She has worked in senior positions with the company in both valuations and REO, where she helped develop processes for multiple REO clients.
Richard Lundbeck will replace Ferris as VP – Component Services, where he will work closely with Ferris to expand the company's Component Services division. Lundbeck has previously served as VP positions for REO operations at ServiceLink and Lender Processing Services. At ServiceLink, Lundbeck created, implemented, and managed the REO operation for the company's local closing model and was instrumental in developing title offerings for the company's Loss Mitigation Title Services. At Lender Processing Services, where he was VP of curative operations in addition to his role as VP of REO operations, he managed 250 employees spanning five departments.
"As we continue to build out our suite of products and services, it will be vital to have a team in place that is not only forward-thinking, but is deeply committed to customer service," Green River Capital COO Tim Reilly said. "Throughout the past seven years, Aviva and Laura have made significant contributions to GRC and I’m confident Richard will do the same. They will be invaluable to GRC’s future success."