LRES, a national appraisal management company and REO manager offering property valuations, asset management and technology solutions for mortgage bankers, lenders, servicers, credit unions and private investors, announced that it has formed a strategic partnership with OSC, a lender-placed insurance institution regarding technology and compliance services reaches more than 1,000 clients nationwide.
This cross-selling of services will offer customers mortgage lender-placed insurance and appraisal management services.
Through this partnership, LRES now offers its lender clients OSC’s lender-placed insurance and REO insurance services to manage the collateral insurance requirements of its customers’ portfolios, the company said in a news release. In turn, OSC now offers LRES’ full valuation lifecycle management for clients by delivering collateral valuation reports and supporting data in the MISMO industry-standard format. This union drives compliance efficiencies to meet the complex multi-collateral tracking demands of lenders while optimizing and accelerating the valuation ordering process.
“Our partnership with LRES greatly enhances our client experience by providing high-quality appraisal management services and critical insights on homeowners’ associations to inform risk exposures,” OSC President Keith Gilroy said.
“Through our strategic alliance with OSC, we can now offer our customers sophisticated options for collateral tracking and compliance leadership,” LRES CEO Roger Beane said.