Skip to main content

Green River Financial debuts to focus on short sales

May 25, 2010

Green River Capital, a real estate-owned (REO) asset management and loss mitigation provider for mortgage servicers, investment firms and banking institutions, has announced that it has launched a company that will focus exclusively on short sale program management, Green River Financial (GRF). In response to interest in this loss mitigation method, GRF is offering a pre-foreclosure short sale and deed-in-lieu program. “The launch of Green River Capital’s sister company, GRF, enables us to offer end-to-end management of the short sale process,” said Chris West, president and chief executive officer. “We manage everything from the solicitation and listing to disposition of assets. We have also completed the licensing of GRF as a debt collector in all 50 states, which allows us to contact the debtor to assist in the short sale resolution and provides an indispensable combination of services, all from one expert source.” GRF’s program consists of two components, homeowner counseling and short sale/deed-in-lieu negotiation and litigation. Since the program is tailored to the needs of each client, the short sale/deed-in-lieu service can be implemented with or without homeowner counseling. Clients can also combine the services of Green River Capital and GRF, seamlessly transferring foreclosed properties from GRF to be sold as REO by Green River Capital. “GRF shares Green River Capital’s mission of providing unmatched service to our clients and our nationwide network of trained brokers is a critical component of meeting that goal,” West said. “Not only do they have proven experience with distressed properties, but they have also passed debt collector compliance training and testing. Our clients see their assets sold in less time, resulting in a substantial reduction of loss severity.” For more information, visit www.greenrivercap.com.
About the author
Published
May 25, 2010
DOJ Opens Criminal Investigation Into NY AG Letitia James Over Mortgage Fraud Claims

Investigation follows April referral by FHFA Director Bill Pulte; potential charges include wire, mail, and bank fraud

May 09, 2025
Origination Volume Up, But Rocket Sees GAAP Net Loss Of $212M For Q1 2025

Company highlights strength of strategic acquisitions, integrations, product innovations as it furthers its mortgage ecosystem

May 09, 2025
Guild Reports 35% YoY Originations Increase For Q1 2025 Amid Market Volatility

Company sees net loss of $23.9 million for quarter due to valuation adjustment on MSRs

May 08, 2025
NerdWallet Sees ‘Encouraging’ 23% Mortgage Revenue Bump For Q1 2025

Even so, company’s net income for the quarter falls 82% YoY to $0.2 million

May 07, 2025
Refis Nearly Double YoY For UWM, While Company Has Net Loss of $247M For Q1 2025

President and CEO Ishbia underscores operational capacity and efficiency, hints at big moves to come

May 06, 2025
Angel Oak Triples EPS Expectations In Q1 2025 Financial Results

Earnings backed by increased investment in Non-QM residential mortgage loans

May 05, 2025