Clayton Holdings Set to Acquire REO Specialist Green River Capital

Clayton Holdings LLC has announced that it has agreed to acquire Green River Capital LC, a provider of real estate-owned (REO), short sale and broker price opinion (BPO) services based in West Valley, Utah. The transaction is expected to close within 60 days and no financial details were announced. Green River will now become a wholly-owned subsidiary of Clayton and continue to operate as a standalone business, under its current brand, in its current location and will be led by its current management team of Christopher West, Green River's founder and chief executive officer, and Paul Bossidy, Clayton's chief executive officer, will become co-CEOs of Green River, and Joseph D'Urso will remain the company's president. "Green River is an excellent strategic fit for Clayton and our clients," said Bossidy. "It will expand our loss mitigation offerings at a time when short sales and REO dispositions are both expected to remain strong. Green River's BPO offerings will help our clients, along with our Quantum special servicing unit, to make better loss mitigation decisions and will complement Clayton's diligence and whole loan acquisition services." Green River currently has a number of large investor, financial institution and government-sponsored enterprise (GSE) clients with a staff of approximately 200. Green River provides its BPO and REO services with the support of a nationwide network of more than 5,000 real estate brokers. "During the past year, our REO and short sale assignments have grown by more than 87 percent," said West. "By joining with an industry leader such as Clayton, we expect to continue this growth and create a more scalable company while increasing the strength of the Green River brand."