More Focused: Jeff Tennyson Wins HW’s Vanguard AwardFri December 02, 2016
As president of Clayton Holdings LLC, a provider of risk-based analytics, residential loan due diligence, consulting, surveillance and staffing solutions to the mortgage and real estate industries, Jeff Tennyson is responsible for the overall direction and performance of the company’s business lines.
Founded in 1989, Clayton pioneered both the residential due diligence and servicer surveillance industries. To date, the company has completed due diligence file reviews on more than 12 million loans, has performed surveillance/oversight on more than $2 trillion in original loan balance, and, in the past three years, has conducted more than 200 residential mortgage servicer operational assessments.
During the past year, with the support of Clayton’s parent company, Radian Group Inc. Tennyson has played a significant role in the company’s growth strategy, which includes investing in technology and making strategic acquisitions of companies such as ValuAmerica, that have improved Clayton’s customer experience, added new products and services, and enhanced the efficiency, accuracy and cost-competitiveness of its work.
Tennyson has been the driving force in spearheading Clayton to be the leading third-party solutions provider to the owners, originators and servicers of residential and consumer loans, as well as expanding Clayton’s services into additional asset classes, such as consumer, student and auto loans.
Under Tennyson’s leadership, Clayton received the industry’s first ranking from Morningstar as an RMBS Deal Agent and Representation and Warranty Review this year. This was the first time that any rating agency has ranked a company in either category.
Clayton was also selected by Angel Oak Capital Advisors as the representation and warranty reviewer for a $150.4 million private-label securitization of non-prime whole loans.
Within the last 12 months the company also launched a new FinTech practice via Clayton Consulting that has grown to be the leading consulting team in the mortgage FinTech space, and revamped Clayton’s proprietary Global Loan Asset Surveillance System (GLASS) technology platform that facilitates real-time data exchange, analysis and performance reporting between loan servicers and their risk holders.
Tennyson also facilitated the launch of the Rental Asset Management Performance system — a new surveillance and asset monitoring system for the single-family rental and fix-and-flip markets.
Tennyson has more than 30 years of experience in the financial services industry, joining Clayton from his post as chief operating officer of B2R finance, L.P. (a Blackstone Group company).
Previously Tennyson served as managing director and CEO of Strategic Growth Bank, a bank holding company that included a regional community bank franchise and a national residential mortgage enterprise.
He also served as the CEO of EquiFirst Corp., a subsidiary of Barclays, for 12 years.
When Tennyson was promoted to COO in 2001, he was charged with setting strategic direction, managing growth, and transforming the company from an entrepreneurially managed business to a professionally managed company. Tennyson was handpicked by the company’s founder to become president in 2002 and then appointed chairman and CEO in 2004.
Earlier, Tennyson served as vice president, for Anchor Glass Company, where he managed all SEC reporting and financial management and restructured the balance sheet by refinancing debt. He also worked in corporate finance at Stephens Inc., where he managed financial, strategic, and valuation analysis for multi-industry middle-market companies relating to mergers and acquisitions, public and private debt and equity offerings.