Green River Capital Receives Ranking from Morningstar Credit RatingsTue July 09, 2013
WEST VALLEY CITY, Utah–(BUSINESS WIRE)–June 18, 2013– Green River Capital, LLC (GRC), a provider of REO asset management and loss mitigation services for mortgage servicers, investment firms, and banking institutions, has been assigned MOR RS2 ranking from Morningstar Credit Ratings, LLC, as a residential component servicer and the MOR RV2 ranking as a residential vendor. The forecast is favorable for both rankings, according to Morningstar. GRC is the first REO/short sale company to receive these designations in an operational risk assessment review and are the second highest rankings designated by the agency.
“With the Consumer Finance Protection Bureau and other regulatory agencies looking more closely at outsourcers, we voluntarily subjected our company to the scrutiny and rigor of a review from leading rating agency Morningstar,” said Joe D’Urso, CEO of GRC. “Receiving such a high review result attests to the quality of our process and the strength of the organization. The Morningstar rating combined with our SOC1 reports show our clients and regulators that we are committed to being compliant and that they can trust our best-in-class services.”