CHICAGO, IL--(BUSINESS WIRE)--Green River Capital (GRC), an REO asset management and loss mitigation provider for mortgage servicers, investment firms, credit unions and banking institutions, announced at the Mortgage Bankers Association’s 98th Annual Convention and Expo that the company has experienced record growth this year, including a 71 percent increase in monthly closings from August 2010 to August 2011.
In addition to the increase in closings, during the same time span GRC increased its commercial assets by 300 percent and its total assets by 90 percent. Also, the short sale assets of Green River Financial, GRC’s sister company, have grown by 46 percent in the past year. In August Utah Business magazine recognized GRC’s growth, naming the company as one of the top ten fastest growing companies in Utah.
During a year of economic and housing market challenges, GRC has positioned itself to meet the mortgage industry’s growing need for asset management, as well as loss mitigation services.
As the industry works to redefine lending and the effective management of risk and assets, GRC and its sister companies, Green River Financial (GRF) and Infinity Valuation Services (IVS) will evolve to best serve clients. With the addition of industry veteran Lorenz Schwarz as chief operating officer, the companies are poised for continued growth.
“This year, with the dedication of the GRC staff and our nationwide team of real estate agents and professionals, we have experienced significant and ongoing growth,” said Joe D’Urso (top right photo), president of Green River Capital. “We appreciate the recognition by Utah Business magazine for our recent success. I truly consider it a testament to our commitment to evolve our business model and offerings as the needs of our clients, as well as the industry, change.”
For more information, visit http://www.greenrivercap.com/.
Contacts, For Green River Capital, Charlyne H. McWilliams, 301-933-5567
Or Sheryl Gudelsky, 678-781-7229
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