Clayton Holdings Acquires Real Estate, Valuation And Technology Provider: Red Bell

SHELTON, Conn., March 30, 2015 /PRNewswire/ -- Clayton Holdings LLC, a leading provider of loan due diligence, surveillance, REO management and consulting services to the mortgage and real estate industries, announced today that it has acquired Red Bell Real Estate, LLC (Red Bell), Salt Lake City, and its sister company, Main Street Valuation, LLC.

Red Bell is a provider of leading-edge valuation products, including automated valuation models (AVMs) and broker price opinions (BPOs) used by major investors, lenders and loan servicers. The company also offers advanced technology solutions that help investors monitor loan portfolio performance and direct loss mitigation activities; acquire and track non-performing loans (NPL); and value and sell real estate owned (REO) through a secure platform.

Red Bell will continue to operate under its current brand and remain in Salt Lake City, Clayton said. Jeffrey Jonas, Red Bell's co-founder, and his senior management team are also staying in place. No other terms of the transaction were announced.

"Red Bell has done a great job of delivering technology-based solutions that allow its clients to remain competitive within an ever-changing landscape. This acquisition significantly enhances the array of sophisticated solutions that we can offer to our respective clients," said Joe D'Urso, Clayton's president. "Red Bell is an important step in our strategic road map, and will serve as the platform and the foundation for new initiatives within the broader real estate market."

Commenting on the transaction, Jonas said: "We are excited to join a world-class organization like Clayton that is committed to the real estate and mortgage markets, and is willing to expand our real estate operations and work to develop game-changing innovations."

About Red Bell

Red Bell uses innovative technology to assist sellers of real estate to better understand local markets throughout the country. Red Bell Real Estate, LLC is licensed to sell real estate in all states plus the District of Columbia. Red Bell, at this time, represents sellers of real estate, typically by co-listing properties with other local, state-licensed real estate professionals.

About Clayton Holdings LLC

Clayton Holdings LLC, headquartered in Shelton, Connecticut, provides information and services that financial institutions, investors and government entities use to evaluate, acquire, securitize, service and monitor loans and asset-backed securities. Clayton offerings include risk-based analytics, residential loan due diligence, consulting, surveillance and staffing solutions. The company provides customized REO asset management, BPOs and single family rental services through its Green River Capital subsidiary. A global reach in the financial services industry is provided by the company's European subsidiary, Clayton EuroRisk. Clayton Holdings LLC is a wholly owned subsidiary of Radian Group Inc. (NYSE: RDN). Additional information is available at www.clayton.com.

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SOURCE Clayton Holdings LLC