TAMPA, Fla., March 21, 2017 /PRNewswire/ -- Clayton
Holdings LLC, a leading provider of loan due diligence,
surveillance, REO management, consulting, valuation, title and
settlement services to the mortgage industry, announced today that
its subsidiaries Red Bell Real Estate, LLC (Red Bell) and Main Street Valuations, LLC d/b/a
Pyramid Platform (Pyramid Platform) have received their first
residential vendor rankings from Morningstar Credit Ratings, LLC
(Morningstar). Red Bell was assigned
a MOR RV1 residential vendor ranking in the asset valuation market
and Pyramid Platform received a MOR RV1 ranking as a real estate
technology solutions provider. The forecast for both rankings is
"Stable".
Headquartered in Salt Lake
City, 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. Pyramid Platform 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.
According to Morningstar Credit Ratings Ranking Announcement
published on Feb. 27, 2017:
The assigned rankings reflect
Morningstar's assessment of both companies' infrastructure and
client-driven performance results. The Stable forecast for both
rankings is indicative of both companies' solid vendor performance
derived from an experienced management team, excellent proprietary
technology, solid enterprise wide risk controls, and attention to
client-driven performance results. A robust training regimen,
comprehensive policies and procedures, and an effective quality
control environment minimize operational risk and promote best
practices across the enterprise. Management has developed vendors
election criteria and vendor-rating standards that effectively
measure vendor performance, as reflected in the execution of
service-level agreements with their customers. The companies have
developed a scoring system to monitor and measure each company's
performance and product quality against service-level agreement
goals, enabling senior management to assess capacity and workflow
to meet or exceed client benchmarks. Red
Bell and Pyramid Platform continue to integrate best
practices across the enterprise with Clayton and its ultimate
parent, Radian. The combined offerings of Red Bell and Pyramid Platform, as well as
Clayton and Radian, represent a full suite of end-to-end
residential real estate services that present clients with a
single source of product solutions.
"We are extremely pleased with Morningstar's assessment of
Pyramid Platform's SAAS delivery platform and Red Bell's core, leading-edge pricing products
and real estate solutions," said Jeff
Jonas, president of Red Bell.
"Continued support from two financially strong companies committed
to the real estate and mortgage markets—Clayton and Radian—allows
us to continue to expand our operations and to develop
game-changing innovations that provide our clients with
best-in-class service and results."
About Clayton Holdings LLC
Clayton Holdings LLC, a
subsidiary of Radian Group Inc. (NYSE: RDN), provides risk-based
analytics, residential loan due diligence, consulting, surveillance
and staffing solutions. The company's subsidiaries include: Green
River Capital, customized REO asset management and single-family
rental services; Red Bell Real Estate, advanced AVMs, BPOs; Main
Street Valuations (d/b/a Pyramid Platform), technology to
acquire and manage the disposition of properties; ValuAmerica,
national title and appraisal management company and vendor
management technology provider; and Clayton Euro Risk, global
services. For more information, call 877.291.5301 or visit
www.clayton.com.
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SOURCE Clayton Holdings LLC