LRES, a national REO and appraisal management company offering property valuations, asset management, HOA and technology solutions for the mortgage and real estate industry, announced the company has experienced 58 percent revenue growth throughout 2015 and is projected to achieve a 19 percent growth rate in 2016 due to its diverse end-to-end service offerings and expanded client base.

The increased performance was partially attributed to its additional service offerings with the launch of its homeowners’ association (HOA) services to aid originators, servicers and investors in dealing with potential risks associated with HOA defaults and liens. And through its strategic partnership with OSC, a lender-placed insurance, tracking and compliance services provider, LRES now helps manage the collateral insurance requirements of its customers’ portfolios.

Another factor that greatly contributed to LRES’ strong year was its recent acquisition and smooth integration with formerly Tulsa, Okla.-based Lenders Choice, a residential real estate appraisal management company that specializes in residential appraisals. LRES continues seeking additional strategic acquisition targets to strengthen and diversify its offerings.

In addition to expanding through acquisition, LRES expanded its management team by adding several key associates to its executive team, including a new CTO, three vice presidents of sales, a vice president of finance/controller and a client relations manager.

On the technology front, LRES is now fully integrated with Platinum Data Solutions RealView and Mercury Network using LRES DirectConnect™, an integration framework that enables third-party systems to integrate seamlessly into the LRES LINK™ order management platform to optimize and accelerate the appraisal order processing. It also upgraded its client-vendor portals for correspondent lenders and associated financial institutions to improve user experience and serve a broader base of loan officers.

“Through LRES’ additional diverse service offerings, experienced executive team, increased technology enhancements, improved internal processes and a successful acquisition, we experienced a year of dramatic growth in 2015 and project continued growth through 2016,” said Roger Beane, CEO of LRES.

About LRES

Orange County, Calif.-based LRES is a national value-add solutions partner offering REO and appraisal management company services, HOA and technology solutions for the mortgage and real estate industries. With more than 14 years of continued growth, LRES offers residential and commercial solutions and managed business processes for the origination and default markets. For more information about LRES, visit its website at www.lres.com.

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