Green River Capital’s Component Services Division Meets Increased Demand of REO-to-Rental MarketMon October 28, 2013
WASHINGTON, D.C., Oct. 28, 2013 – Green River Capital, LLC (GRC), a provider of REO asset management and loss mitigation services for mortgage servicers, investment firms, and banking institutions announced here at the 100th Mortgage Bankers Association Annual Convention & Expo its Component Services division experienced a 60 percent growth in the volume of units processed in the first two quarters of 2013 as a result of the expanding REO-to-Rental market.
This specialized division within GRC was created to support the REO-to-Rental activities of institutional investors and lenders through a variety of pre- and post-acquisition services. The Component Services division provides collateral underwriting and due diligence at the property and market level, as well as transaction management services including title searches, title curative activities, escrow administration and repair oversight.
“The REO-to-Rental asset class, as well as the related opportunities, have grown exponentially since the third quarter of 2012,” said Lorenz Schwarz, COO of Green River Capital, “and GRC is excited to be working with the frontrunners in the industry to bring the first securitizations to market.”