""Green River Capital"":http://www.greenrivercap.com (GRC), a Utah-based REO asset management and loss mitigation provider for mortgage servicers, investment firms, and banking institutions, recently announced several company achievements for 2010, including the addition of seven new clients, the expansion of its preferred agent network, and completion of its SAS 70 Type II certification.
[IMAGE] In addition, GRC's sister companies - ""Green River Financial"":http://www.greenrivercap.com/services/Short-Sale-Program.aspx (GRF), a short sale company, and ""Infinity Valuation Services"":http://www.ivsbpo.com/ (IVS), which offers broker price opinions (BPOs) - also experienced growth last year.
GRF improved its short sale inventory by 42 percent by increasing its number of short sale clients by 50 percent. The company's short sale closings more than doubled in 2010.
GRC also became a licensed debt collector in 49 states, and more than 1,000 Neighborhood Home Consultants (NHC) were qualified and trained on the Fair Debt Collection Practices Act (FDCPA).[COLUMN_BREAK]
""Training our own agents enables us to ensure attentive and thoughtful service for borrowers, many who are facing tough financial circumstances and need an industry professional they can trust,"" said Joe D'Urso, president of GRC. ""Our agents are proficient in all legal issues surrounding REO asset management and provide guidance to help borrowers understand all of the options available to them.""
IVS also experienced a revenue increase of 36 percent generated by a 52 percent increase in BPO orders.
GRC and GRF successfully completed an audit of internal operational controls and have a SAS 70 Type II report available for clients and client auditors. The report details the companies' operational controls and tests them for effectiveness.
The SAS 70 report provides an overview of the company's REO and short sale management services, systems, and processes as well as a description of related control objectives and user control considerations.
""We are dedicated to implementing controls that ensure the utmost efficiency in our processes as well as the security of our data,"" D' Urso said. ""Achieving the SAS 70 Type II certification demonstrates the controls we have in place that allow us to uphold our commitment to maximizing returns for clients.""
D' Urso added, ""Despite a challenging year that included moratoriums and a robo-signing concern, GRC remained focused on excellence in our business practices, and we look forward to continued growth in 2011.""