Green River Capital (GRC), an REO asset management and loss mitigation firm based in Utah, recently announced that it has been awarded a contract from the U.S. Government Services Administration (GSA) to provide its services to government agencies.

“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.”

Each year, GSA manages more than $50 billion worth of contracting dollars to provide its government customers with goods and services. GSA provides a centralized delivery system of products and services to the federal

government, leveraging its buying power to get the best value for federal customers and in turn, taxpayers.

GRC completed a lengthy and rigorous application process to demonstrate the intrinsic value of the company’s services, its compliance with Federal Acquisition Rules (FAR), and willingness to provide best pricing for federal customers. The GSA’s nod will allow the firm to provide asset management, valuation, due diligence, and REO disposition services to government agencies.

Prior to pursuing the GSA credential, GRC gained experience in the federal arena through a long-term relationship with one of the GSEs. The company says this relationship gave GRC the desire to branch out to other federal agencies that are in need of its services.

“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.

GRC plans to continue growing its business in the federal government sector, and says it will be expanding its services to include debt collection counseling on behalf of creditors.

The company recently announced the launch of a new short sale management affiliate, Green River Financial, and a new valuation and broker price opinion (BPO) company, Infinity Valuation Services.