""Clayton Holdings LLC"":http://www.clayton.com/, a provider of loan due diligence, surveillance, and consulting services for the mortgage industry, announced that it has expanded its securitization group in preparation for the private market's return.[IMAGE]
According to Clayton, the group's expansion is driven by ""growing demand for due diligence services within the recovering private-label securitization market."" Year-to- [COLUMN_BREAK]
date, the company says it has performed due diligence on more than 7,700 loans that have come to market.
To manage the group, Clayton has brought on Dan Pinero as director of securitization for operations and Joe Ozment as director of securitization for client services.
In addition, Clayton announced it has secured an additional 18,000 square foot space in Atlanta to accommodate the expanding securitization business. There are currently 80 due diligence professionals based in the Atlanta facility, with an additional 220 operating in the company's Tampa facility.
""The gradual reemergence of the private-label market has been a long, deliberate process and those reentering the market are operating in a rapidly evolving regulatory and business environment,"" said Scott Mowry, SVP and head of transaction management at Clayton. ""As the market leader in due diligence, Clayton is investing in personnel, training, technology and facilities to be ready for new regulations--like QM and QRM--and the eventual return of the private RMBS market.""