Red Rock Names Equi-Trax Exclusive Valuation Provider
Equi-Trax Asset Solutions LP, a national collateral valuation provider offering a line of hybrid valuation products, has been selected to offer its services to Red Rock Servicing on an exclusive basis. Red Rock Servicing provides national asset management servicing that relies on a home-grown workflow technology to manage and automate the services that support the loan asset life-cycle. “We are very excited about this partnership because it underscores the importance of precise valuations in pre-foreclosure and foreclosure transactions,” said Guy Taylor, chief executive officer at Equi-Trax. “In the absence of trusted, accurate valuations, transactions such as REOs and short sales will not get done.” “We offer the entire breadth of services as it relates to the debt life cycle. But our pre-foreclosures, foreclosures, HAFA short sales and REOs will be handled by Equi-Trax,” said Richard Kaye, founder and chief executive officer of Red Rock. “All of these transactions require an accurate valuation before a strategy for a resolution can be determined.” Red Rock specializes in borrower re-underwriting and rehabilitation, HAFA-compliant short-sales, deed-in-lieu, comprehensive REO services, and other services. The aim of this partnership is to ensure that transactions, such as REOs and short sales, can be handled in as efficient a fashion as possible, that borrowers are treated with respect, and that investor guidelines are followed. “Between our high-quality valuation products and Red Rock Servicing’s asset management acumen, we are bringing a much needed but much overlooked offering to the market,” said Taylor. For more information, visit www.equi-trax.com.