SHELTON, Conn., March 30, 2015 /PRNewswire/ -- Clayton
Holdings LLC, a leading provider of loan due diligence,
surveillance, REO management and consulting services to the
mortgage and real estate industries, announced today that it has
acquired Red Bell Real Estate, LLC (Red
Bell), Salt Lake City, and
its sister company, Main Street Valuation, LLC.
Red Bell is a provider of
leading-edge valuation products, including automated valuation
models (AVMs) and broker price opinions (BPOs) used by major
investors, lenders and loan servicers. The company also offers
advanced technology solutions that help investors monitor loan
portfolio performance and direct loss mitigation activities;
acquire and track non-performing loans (NPL); and value and sell
real estate owned (REO) through a secure platform.
Red Bell will continue to operate
under its current brand and remain in Salt Lake City, Clayton said. Jeffrey Jonas, Red
Bell's co-founder, and his senior management team are also
staying in place. No other terms of the transaction were
announced.
"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."
Commenting on the transaction, Jonas said: "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."
About Red Bell
Red Bell uses innovative
technology to assist sellers of real estate to better understand
local markets throughout the country. Red Bell Real Estate, LLC is
licensed to sell real estate in all states plus the District of Columbia. Red Bell, at this time, represents sellers of
real estate, typically by co-listing properties with other local,
state-licensed real estate professionals.
About Clayton Holdings LLC
Clayton Holdings LLC, 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 loan due diligence, consulting,
surveillance and staffing solutions. The company provides
customized REO asset management, BPOs and single family rental
services through its Green River Capital subsidiary. A global reach
in the financial services industry is provided by the company's
European subsidiary, Clayton EuroRisk. Clayton Holdings LLC is a
wholly owned subsidiary of Radian Group Inc. (NYSE: RDN).
Additional information is available at www.clayton.com.
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SOURCE Clayton Holdings LLC