Radian Group Inc. announced Wednesday that it has appointed Jeff Tennyson to serve as interim president of Clayton Holdings LLC, the company's principal mortgage and real estate services subsidiary.
According to an announcement from Radian Group, Tennyson will take former President of Clayton Holdings Joe D’Urso place, effective immediately.
In June 2014, Radian acquired Clayton, a provider of risk-based analytics, residential loan due diligence, consulting, surveillance, and valuation solutions.
“Clayton is a leader in its industries and has provided Radian with an excellent opportunity to grow and diversify,” said Radian’s CEO S.A. Ibrahim. “Given Jeff’s deep knowledge of the business, strong customer relationships and support of our talented team, I have great confidence that he will help us continue to achieve our strategic objectives and realize even greater success.”
Tennyson, who joined Clayton in February 2015 as COO, has been responsible for Clayton’s U.S. business units including: Transaction Management, Consulting, Surveillance, Green River Capital, and ValuAmerica. In his new role, he will be responsible for the overall operating results of the company’s business lines.
Tennyson has more than 30 years' experience in the financial services industry. Prior to joining Clayton, he was COO of B2R Finance, L.P., a specialty finance company of the Blackstone Group that provides mortgage financing for owner/operators of single-family residential rental properties. Prior to B2R, Tennyson was Chairman and CEO of Strategic Lending Group and Managing Director of Strategic Growth Bank. For 12 years, he was also Chairman and CEO of EquiFirst Corporation, a national non-agency mortgage lender and subsidiary of Barclays.
Tennyson is a Certified Public Accountant and holds a business degree from Harding University and an MBA from Harvard Business School.