December 2015 - Fortune Tellers

TheMReport — News and strategies for the evolving mortgage marketplace.

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32 | TH E M R EP O RT Clayton Holdings, LLC COMPANY DESCRIPTION Clayton 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 conducts its business with uncompromising transparency and integrity, and its employees are committed to upholding solid principles of corporate governance. As part of the overall governance, Clayton's system of internal controls includes organizational design, written policies and procedures, operating practices, and controls to protect people and assets. This integration of key activities helps identify irregularities and reduce risk to a reasonable level as quickly as possible. COMPANY HISTORY Founded in 1989, Clayton pioneered both the residential due diligence and servicer surveillance industries. Since that time, Clayton has performed due diligence file reviews on more than 12 million loans; has performed surveillance/oversight on more than $2 trillion in original balance; and, over the past three years alone, has conducted more than 250 residential mortgage servicer operational assessments. BUSINESS LINES, SERVICES & PRODUCTS Clayton Holdings LLC, a subsidiary of Radian Group Inc. (NYSE: RDN), provides risk-based analytics, residential loan due diligence, consulting, surveillance, and staffing solutions. The company's subsidiaries include: • Green River Capital (GRC): Customized REO asset management and single-family rental services • Red Bell Real Estate: Advanced AVMs, BPOs, and technology to acquire and track performance of loan portfolios and NPLs • ValuAmerica: National title and appraisal management company and vendor management technology provider • Clayton Euro Risk: Global services COMPETITIVE ADVANTAGE Clayton offers unparalleled breadth and depth, and is uniquely positioned to bring impartial, effective solutions to current market challenges and provide the most robust experience to its clients. Clayton's differentiators include: Pioneering the residential loan due diligence industry • Largest and longest standing due diligence firm in the industry. • Due diligence workforce of hundreds of underwriters and team leads. • Clayton is an approved S&P and DBRS RMBS third-party review (TPR) provider and meets the standards of Moody's, Fitch Ratings, and Kroll Bond Ratings for pre-securitization due diligence. Pioneering credit risk management/loan surveillance • Possess a broad and vast array of historical transaction data. • Significant experience performing targeted reviews of assets to assess compliance with representations, regulatory and legal requirements, investor guidelines and settlement agreements, performing more than 235,000 such reviews since 2012. • Depth of experience that includes providing advisory services, asset management services, and loan review/due diligence for all property and credit types. Regulatory knowledge • Clayton is an expert in all of the latest regulatory compliance guidelines including the TRID, ATR/ QM, FACTA, HMDA, and NRSRO rules. • Clayton was selected by Weiner Brodsky Kider to provide loan review expertise in their CFPB Examination readiness program. Team of industry experts • Beyond tools and technology, Clayton's most essential asset is its team of motivated, hard- working industry experts. • Clayton's subject-matter experts have held significant positions in the banking and residential real estate industries and bring years of lending and operating experience to Clayton. The company's project teams possess best-practices knowledge of banking, finance and residential real estate operations, from origination through servicing, workouts, and REO. CORPORATE STRATEGIES/GOALS With the support of its parent Radian, Clayton is investing significantly in infrastructure, resources and technology to create more innovative solutions for the mortgage and real estate industries. Recently, the company acquired ValuAmerica, allowing them to offer a full range of appraisal, title and closing services. Clayton has also launched several new products into the marketplace. Its Asset Representations Reviewer (ARR) service helps issuers of asset-backed securities, including auto finance, credit card, student loan and equipment-leasing issuers, comply with the requirements of the SEC's amendments to Reg AB II. GRC's Rental Asset Management and Performance (RAMP) addresses the need for greater standardization and transparency by providing surveillance and reporting all the way from portfolio to loan to property level. KEY PERSONNEL Joseph D'Urso President Jeff Tennyson COO Tim Reilly President of Green River Capital Jeff Jonas President of Red Bell Real Estate Shawn Murphy EVP of ValuAmerica STAFF 1,200 CONTACT INFORMATION 100 Beard Sawmill Road, Suite 200 Shelton, CT 06484 Phone: 877.291.5301 Fax: 203.712.8805 Email: Web:

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