|By PR Newswire||
|September 24, 2012 09:45 AM EDT||
SHELTON, Conn., Sept. 24, 2012 /PRNewswire/ -- Clayton Holdings LLC, a leading provider of due diligence, underwriting and surveillance services to the residential and commercial mortgage and fixed-income industries, announced today that James Meleones has joined the company as Senior Managing Director of Commercial Real Estate (CRE) services.
In this position, Mr. Meleones will be responsible for all aspects of Clayton's commercial real estate practice, including loan-level due diligence, loan and portfolio valuation and portfolio oversight and strategy. He will report directly to Paul Bossidy, President and CEO of Clayton.
Mr. Meleones brings more than 30 years of industry experience to Clayton. Most recently, he spent 15 years at Bank of America where he was the National Underwriting Manager for the bank's Commercial Mortgage-Backed Securities (CMBS) business, responsible for structuring, underwriting and pricing all loans originated for CMBS securitization. Prior to Bank of America, Mr. Meleones spent 20 years at Continental Wingate Company, where he focused on commercial real estate.
"Jim's experience in underwriting CMBS will expand our presence in the securitized side of the business," said Mr. Bossidy. "His knowledge of the market, strong relationships and managerial skills will position Clayton to deliver new services to lenders, investors and owners."
About Clayton Holdings LLC
Clayton Holdings, headquartered in Shelton, Connecticut, provides information and services that financial institutions, investors and government entities use to evaluate, acquire, securitize, service and monitor loans and asset-backed securities. Clayton offerings include risk-based analytics, residential and commercial loan due diligence, consulting, surveillance and staffing solutions. The company provides customized commercial special servicing solutions through its Quantum Servicing subsidiary and REO management, BPOs and a short sale program through its Green River Capital subsidiary. A global reach in the financial services industry is provided by the company's European subsidiary, Clayton EuroRisk.
Additional information is available at Clayton.com.
SOURCE Clayton Holdings LLC