WEST VALLEY CITY, Utah--(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 that Freddie Mac (OTC.FMCC) has selected the company to provide real estate owned (REO) sales and disposition services to its real estate unit HomeSteps®.
GRC is one of three third-party companies that will support HomeSteps in all 50 states and help the organization maintain and sell properties in a timely manner while preserving local property values. HomeSteps’ Good Neighbor Practices protect neighborhoods by requiring agents to show clean and maintained homes and then sell them at market prices.
HomeSteps markets and sells Freddie Mac REO homes to homeowners and investors and manages every stage of the REO process, from handling title issues after foreclosure to working with local listing agents to facilitate a sale.
“Selecting Green River Capital underscores HomeSteps’ commitment to working with proven real estate professionals who have the capacity and drive to support our goal of stabilizing communities and maximizing recoveries for Freddie Mac and taxpayers through the sale of our REO inventory,” said Chris Bowden, vice president of HomeSteps.
“Our goal to help stabilize communities aligns with the objective of Freddie Mac and HomeSteps, which are devoted to upholding high property and sales standards,” said Joe D’Urso, president of Green River Capital. “We are proud to have been selected to help HomeSteps’ REO sales and disposition efforts and look forward to a long-term relationship with Freddie Mac.”
About Green River Capital
West Valley, Utah-based Green River Capital (GRC) is a leading REO asset management and loss mitigation provider. The company leverages its proprietary technology and a nationwide network of attorneys, brokers, appraisers, contractors and title professionals to offer scaleable and customized solutions. GRC provides REO asset management, portfolio valuation/due diligence, a short sale program and rental program management. GRC’s sister companies are Green River Financial, a short sale program provider, and Infinity Valuation Services, a BPO company.
For more information, visit www.greenrivercap.com.