SALT LAKE CITY, July 28, 2015 /PRNewswire/ -- Green River
Capital LLC (GRC), a leading real estate company, providing a
variety of REO asset management, valuation, single-family-rental
(SFR) collateral review and property management services, announced
today that it has launched Rental Asset Management &
Performance (RAMP), a new surveillance service for
single-family rental properties. The new service provides detailed
performance data information on securitizations, including
multi-borrower transactions, as well as managers, borrowers and
properties.
Designed to collect and standardize the data needed to monitor
the performance of multi-borrower securitizations, RAMP is an
intelligent surveillance engine that portfolio owners, property
managers, multi-borrower lenders, investors, securitizers, and
servicers can use to monitor the performance of rental portfolios,
including a comparative analysis of actual performance to
underwritten assumptions. RAMP leverages Green River Capital's
established analytics, due diligence and surveillance capabilities,
as well as the insight developed in valuing and inspecting more
than 100,000 properties for institutional buyers.
RAMP provides a comprehensive deal overview, including number of
units, vacancy rates, debt payments per property, gross potential
and actual income, expenses and net monthly income. This
information gives users a clear picture of monthly property-level
performance. It allows them to create a time series that shows
which properties are generating sufficient rental income to meet
monthly costs. Portfolio owners can also use RAMP to gauge the
performance of property managers. Similarly, RAMP enables property
managers to assess the performance of tenants.
RAMP captures data from multiple sources, aggregating it into a
single repository in a homogenized format for export, which can be
used by the secondary market. Reports can be customized to provide
both loan and property level details.
"The success of the single borrower deal has emboldened the
market to expand lending options to smaller property
owners—connecting Wall Street to Main Street—but, at the same time,
this has also created challenges in terms of reporting,
surveillance and vendor management," said Tim Reilly, president of Green River Capital.
"RAMP is fully operational; its surveillance tools give all
stakeholders a granular view of their portfolios allowing them to
see performance of individual properties within large and diverse
portfolios."
About Green River Capital
Green River Capital (GRC) is a leading real estate company,
providing REO asset management, loss mitigation, valuation,
collateral review, property management and a full suite of
component real estate services. GRC also offers surveillance
programs and supports investors' single family rental strategies
with pre- and post-acquisition services. GRC uses proprietary
technology and a nationwide network of attorneys, brokers,
appraisers, contractors and title professionals to deliver
scalable, customized solutions. Based in Salt Lake City, Utah, GRC is wholly owned by
Clayton Holdings LLC, a subsidiary of Radian Group Inc. (NYSE:
RDN). Additional information is available at
www.greenrivercap.com.
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 also provides customized REO asset management and
single-family rental services through its Green River Capital
subsidiary; advanced AVMs, BPOs and technology solutions to monitor
loan portfolio performance, acquire and track NPLs, and value and
sell REO through its Red Bell Real Estate subsidiary; and a global
reach through its Clayton EuroRisk subsidiary. For more
information, call 877.291.5301 or visit www.clayton.com.
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SOURCE Green River Capital LLC