GSA Designation Gives Green River Capital Opportunity to Expand its Footprint
Government agency’s nod allows firm to provide asset management, valuation and due diligence services
SALT LAKE CITY, June 22, 2010 – Green River Capital (GRC), an REO asset management and loss mitigation provider for mortgage servicers, investment firms and banking institutions, announced its schedule contract from U.S. Government Services Administration (GSA) has further expanded its reach to provide services to government agencies. GSA is solely dedicated to procuring services – leveraging the buying power of federal government – to acquire the best value for its federal customers and in turn, taxpayers.
“The federal government, now more than ever, is in a position where it has to assess and manage various types of properties around the country,” said Chris West, president and CEO of GRC. “This source of government business can assist GRC in its goal to maintain its leading edge in asset management and due diligence across the nation.”
GRC completed a lengthy process responding to all requirements noted in the 520 Financial & Business Solution Solicitation demonstrating the intrinsic value of the company’s services, its compliance with Federal Acquisition Rules (FAR), and willingness to provide best pricing for its federal customers.
Prior to pursuing the GSA credential, GRC gained its experience in the federal arena through a long-term relationship with one of the government-sponsored enterprise. This relationship provided GRC the desire to branch out to other federal agencies that are in need of its services, focusing mainly on the SINS 520-3 and 520-5 awarded in this schedule contract, including property valuation services, management and disposition of real estate owned properties (REOs).
“This is a crucial time in the mortgage industry, and we are honored to be selected to provide services to government agencies whenever they need them,” West said.
The award contract allows GRC to market its services on the GSA Advantage! online ordering system, which acts as a portal to unlimited opportunities with federal agencies. GSA Advantage! provides federal agencies an online access to thousands of contractors and millions of services in compliance with the standards of the specific solicitation the schedule contract was awarded under, with the assurance that GSA has recognized that the price(s) offered is the contractor’s “most favored customer” price available.
GRC plans to continue growing s business in the federal government sector by responding to various solicitations placed by the GSA. GRC also plans to expand its services to include debt collection counseling services on behalf of creditors.
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 scalable 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.
Contacts:
Catherine Laws/Charlyne H. McWilliams
Media contacts for Green River Capital
678.781.7206/301.933.5567