Clayton Holdings Acquires Valuations Technology Provider Red Bell

Posted by Patrick Barnard on April 02, 2015 No Comments
Categories : Residential Mortgage

Clayton Holdings, a provider of loan due diligence, surveillance, real estate owned (REO) management and consulting services, has acquired Red Bell Real Estate, a provider of valuation products, including automated valuation models (AVMs) and broker price opinions (BPOs), and its sister company, Main Street Valuation, for an undisclosed sum.

Red Bell also offers technology solutions that help investors monitor loan portfolio performance and direct loss mitigation activities; acquire and track nonperforming loans (NPLs); and value and sell REO properties through a secure platform.

Clayton says it plans to keep the Red Bell brand intact, and the company will continue to be based in Salt Lake City. What's more, Jeffrey Jonas, Red Bell's co-founder, and his senior management team are also staying in place.

‘Red Bell has done a great job of delivering technology-based solutions that allow its clients to remain competitive within an ever-changing landscape,’ says Joe D'Urso, president of Clayton, in a release. ‘This acquisition significantly enhances the array of sophisticated solutions that we can offer to our respective clients. 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.’

‘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,’ Jonas adds.

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