LRES, a national REO and appraisal management company, experienced 58 percent revenue growth in 2015 and is projected to continue growing in 2016.
The increased performance came because of the company’s diverse end-to-end service offerings and expanded client base, LRES said in a news release, and 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.
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.
“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,” LRES CEO Roger Beane said in the release.
Another factor that greatly contributed to LRES’ strong year was its recent acquisition of Lenders Choice, a residential real estate appraisal management company that specializes in residential appraisals.
Technologically speaking, LRES is fully integrated with Platinum Data Solutions RealView and Mercury Network using LRESDirectConnect, 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.