Green River Capital (GRC), an asset management and loss mitigation provider based in Salt Lake City, reports that it increased its sales figures by 30% in the first half of the year compared to the same time frame in 2009.
Since the beginning of the year, GRC has increased its real estate owned (REO) assignments by nearly 8% from the same period in 2009 and decreased the time each property spends on the market by almost 15% compared to figures during the last 12 months, the company says. GRC also says it assisted in selling 20% more homes than during 2009.
GRC's short sale business has also grown, increasing by 200% over the last six months, the company adds. GRC says it has increased its party contact (RPC) rate to 63% and its short sale conversion rate from RPCs to nearly 30%. The company's short sale book of business has grown by 200% during the last six months.
In other areas of its business, GRC has added six new customers this year. Additionally, the on-time percentage of valuations performed by GRC sister company Infinity Valuation Services has increased from 88% to 97%.
SOURCE: Green River Capital