Green River Capital LLC (GRC), a West Valley City, Utah-based provider of real estate owned asset management and loss mitigation services, says that Morningstar Credit Ratings LLC has raised its ranking as a residential vendor in the asset-management market as well as its ranking as a residential component servicer in the short-sale market.
According to GRC, the company is now ranked ‘MOR RV1’ in the asset-management market and is ranked ‘MOR RS1’ in the short-sale market. The forecast for both rankings is ‘Stable.’
As per Morningstar's bulletin, these rankings reflect positively on GRC's operational infrastructure and performance results in both of its roles. The ‘Stable’ forecast ‘reflects solid performance for GRC's client base and an enterprise-wide focus on audit, quality control, compliance and technology.’
Morningstar says, ‘GRC's flexible business model and proprietary technology provide the company, both as a component servicer and vendor, market growth and a diversified business strategy, which are evident in recently introduced business ventures, such as collateral underwriting and property manager oversight and compliance for the single-family rental securitization market.’