Green River Capital’s Sales Figures Increase 30 Percent in First Half of 2010

Company’s Surge in Sales Reveals Solid Growth in Volatile Mortgage Industry

SALT LAKE CITY--(BUSINESS WIRE)--Green River Capital (GRC), an REO asset management and loss mitigation provider for mortgage servicers, investment firms and banking institutions, today announced it has experienced tremendous company growth during the first half of 2010 with new clients and increased efficiencies.

“These numbers demonstrate that our commitment, technology and partnerships are successful”

Since the beginning of the year, GRC has increased REO assignments by nearly eight percent from the same period in 2009 and decreased the time each property spends on the market by almost 15 percent compared to figures during the last 12 months. In addition, GRC assisted in selling 20 percent more homes than during 2009.

“At this mid-year juncture, we have sold 20 percent more homes and increased our sales rate by 30 percent compared to the same timeframe last year,” said Chris West, president and CEO of GRC. “We attribute GRC’s growth to having the ability to meet all the needs of our clients by staying flexible with all of our processes and Key Performance Indicators. With today’s real estate environment changing on a monthly basis, you have to be able to shift gears quickly while maintaining performance.”

GRC’s short sale business has also improved. The company experienced an increase in its “right party” contact rate to 63 percent and an increase in the short sale conversion rate from right party contacts to nearly 30 percent. This business has grown by 200 percent during the last six months.

“These numbers demonstrate that our commitment, technology and partnerships are successful,” West added. “We will continue to provide the services needed in the industry that will contribute to increasingly positive results for our clients and showcase what we are capable of achieving.”

In other areas of its business, GRC has already added six new customers this year and seen visible successes in valuation efforts. Infinity Valuation Services’ (IVS), a GRC sister company, on-time percentages have increased from 88 percent to 97 percent, and improved its quality control accuracy to 96 percent, a solid five-point increase in the last six months.

GRC also received recognition for its proven business model and business success through placement in two of REO Insider’s 2010 Pinnacle awards categories: Best Closing Process by an Outsourcer and Best Overall Servicer.

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.