Clayton Holdings LLC, a provider of loan due diligence, surveillance, REO management and consulting services to the mortgage and real estate industries, announced that it has acquired Red Bell Real Estate LLC (Red Bell), and its sister company, Main Street Valuation LLC.
Salt Lake City-based Red Bell is a provider of valuation products, including automated valuation models and broker price opinions used by major investors, lenders and loan servicers. The company also offers advanced technology solutions that help investors monitor loan portfolio performance and direct loss mitigation activities, acquire and track non-performing loans, and value and sell real estate owned properties through a secure platform.
Red Bell will continue to operate under its current brand and remain in Salt Lake City, Clayton announced. Jeffrey Jonas, Red Bell’s co-founder, and his senior management team also are staying in place. No other terms of the transaction were announced.
“Red Bell has done a great job of delivering technology-based solutions that allow its clients to remain competitive within an ever-changing landscape. This acquisition significantly enhances the array of sophisticated solutions that we can offer to our respective clients,” Clayton President Joe D’Urso said. “Red Bell is an important step in our strategic road map, and will serve as the platform and the foundation for new initiatives within the broader real estate market.”
“We are excited to join a world-class organization like Clayton that is committed to the real estate and mortgage markets, and is willing to expand our real estate operations and work to develop game-changing innovations,” Jonas said.