""Clayton Holdings LLC"":http://www.clayton.com announced Wednesday it has completed its acquisition of ""Green River Capital"":http://www.greenrivercap.com/. No financial details were disclosed.[IMAGE]
Clayton Holdings, headquartered in Shelton, Connecticut, provides due diligence, underwriting, surveillance, and default servicing to the residential and commercial mortgage and fixed income industries. Green River is based in West Valley, Utah, and offers REO, short sale, and broker price opinion (BPO) services.[COLUMN_BREAK]
Green River has a staff of approximately 200, serving a number of large investor, financial institution, and GSE clients. The company provides its REO and BPO services with the support of a nationwide network of more than 5,000 real estate brokers.
Green River will continue to operate as a standalone business, under its current brand, in its current location, and led by its current management team.
Christopher West, Green River's founder and CEO, and Paul Bossidy, Clayton's CEO, serve as co-CEOs of Green River Capital. Joseph D'Urso is the company's president.
Commenting on the transaction, Bossidy said, ""Client reaction to this acquisition has been extremely positive. Strategically and culturally, this is a very good fit for both of our firms and our clients.""
West added, ""I've enjoyed working closely with Paul and his team as we finalized this deal. I'm confident that together Green River and Clayton will be able to leverage each others' strengths and continue to provide innovative solutions for our clients and the mortgage industry.""