Clayton Acquires Red Bell Real Estate
Clayton Holdings in Shelton, Conn., has acquired technology valuation provider Red Bell Real Estate and its sister company, Main Street Valuations.
Terms of the transaction were undisclosed in a press release Monday.
Red Bell offers automated valuation models and broker price opinions to investors, lenders and servicers. The company also provides technology products that help investors monitor loan portfolio performance and direct loss mitigation activities, as well as acquire and track nonperforming loans and sell real estate assets.
Red Bell will continue to operate under its current name and still be headquartered in Salt Lake City. Jeffrey Jonas, co-founder of Red Bell, will remain with the company along with the rest of his senior management team.
"Red Bell has done a great job of delivering technology-based solutions that allow its clients to remain competitive within an ever-changing landscape," said Joe D'Urso, president at Clayton Holdings, a subsidiary of Radian Group.
"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."