Green River Capital (GRC), headquartered in West Valley City, Utah, has launched a component servicing division in response to a growing demand for individual, customized services.
According to the company, GRC's component servicing division supports institutional investors and lenders involved in various REO-to-rental initiatives. GRC provides pre- and post-acquisition services including collateral underwriting, property and market level due diligence and transaction management services, including title searches, title curative activities, escrow administration and repair oversight.
The division currently provides these services on more than 4,000 properties each month and has developed a highly flexible and scalable platform to absorb additional volume, the company adds.
‘Investor and lender interest in REO-to-rental programs has grown significantly to address the housing needs of borrowers being displaced through the foreclosure process, and at the same time help stabilize neighborhoods and housing markets,’ says Lorenz Schwarz, chief operating officer. ‘We launched our component servicing division to meet the industry's ever-changing needs and to offer our expertise and services to a new and expanding marketplace.’