The transaction management team at Clayton Holdings led by Vicki Beal doesn’t deal in small potatoes. This year alone, they provided independent third-party review due diligence services to 16 nonagency residential mortgage-backed securities deals.
Since 2009, the year after the crash and as lending ground to a virtual halt, they have provided the service to practically every major RMBS deal. The senior vice president is a member of the transaction and credit risk management leader’s securitization group, the hub of Clayton’s approach to RMBS due diligence. The company considers Beal key to its success.
She is the primary ratings agency contact for Clayton and has had input on securitization standards adopted by the American Securitization Forum as well as being used in the current ratings process. Beal, who has more than 38 years of mortgage banking industry experience, acts as the go-to person at Clayton on the subject matter of due diligence, being considered an expert on all elements of the origination, collection, servicing, regulatory and vendor sides of the mortgage business.
“She is the face and the voice of Clayton and has appeared before the Senate Banking Committee in Washington and other regulatory committees to represent the firm in explaining the diligence process,” a spokesperson for Clayton said.