Sales Figures Increase for GRC

REO asset manager and loss mit provider Green River Capital says during the first half of 2010 it has increased REO assignments by nearly 8% from the same period in 2009 and decreased the time each property spends on the market by almost 15% compared to figures during the last 12 months.

In addition, the Salt Lake City based company has assisted in selling 20% more homes than during 2009.

Chris West, president and CEO of GRC, said in a press release that the short sale business “has also improved.” The company experienced an increase in its "right party" contact rate to 63% and an increase in the short sale conversion rate from right party contacts to nearly 30%. This business has grown by 200% during the last six months.

"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," West said in the release.

In other areas of its business, GRC reported that its sister company, Infinity Valuation Services, has seen on-time percentages increase from 88% to 97% and improved its quality control accuracy to 96%, a five-point increase in the last six months.