Morningstar Credit Ratings, LLC Affirms Residential Vendor and Residential Component Servicer Rankings; Assigns Residential Vendor Ranking to Green River Capital, LLC

Thu December 03, 2015

Morningstar Credit Ratings, LLC today affirmed its ‘MOR RV1’ residential vendor ranking in the asset management market and its ‘MOR RS1’ residential component servicer ranking in the loss mitigation market for Green River Capital, LLC (GRC), a wholly owned subsidiary of Clayton Holdings LLC, which is a subsidiary of Radian Group Inc. Morningstar also assigned its ‘MOR RV2’ residential vendor ranking to GRC for single-family rental property management and surveillance services. The forecast for all rankings is Stable.


The assigned rankings reflect Morningstar’s assessment of GRC’s operational infrastructure and client-driven performance results in its respective duties as a residential component servicer, asset manager for real-estate-owned properties, and single-family rental property management and surveillance. The Stable forecast for all rankings reflects solid vendor performance for GRC’s client base deriving from a tenured management team, highly flexible technology environment, comprehensive internal performance monitoring and measurement, a pervasive enterprisewide risk-management infrastructure, and a focus on client-driven performance results. GRC benefits from a comprehensive quality-control and performance-driven culture within the organization, arising from a solid training regimen, comprehensive policies and procedures, and proactive vendor-management protocols that includes effective vendor management oversight for selecting, qualifying, and assessing agent performance.


In 2015, the company unveiled its Rental Asset Management and Performance (RAMP) platform. The RAMP platform is an extension of and complement to GRC’s existing suite of services to the single-family rental securitization industry that includes collateral review and property management services. The platform aggregates and standardizes single-family rental transaction information and monthly rental property-level performance data for a variety of single-family rental residential stakeholders including property owners, investors, servicers, property managers, lenders, and securitizers.


The features listed above provide a solid competitive foundation as GRC continues to integrate best practices and leverage synergies with its parent companies, Clayton Holdings and Radian Group.


To access Morningstar’s operational risk assessment methodology and all published reports, please visit