ORANGE COUNTY, Calif.--(EON: Enhanced Online News)--LRES, a national provider of commercial and residential valuations and asset management for the mortgage, banking, credit union and real estate industries, announced the company has experienced 35 percent growth in the first half of 2013, which surpassed the level of growth for the same period during the previous year.
“We look forward to capitalizing on our recent expansion by acquiring companies within the mortgage industry that complement our own.”
The increased performance was partially generated through the implementation of a strategic national expansion plan that focuses on building staff, increasing the number of financial institutions as customers, adding new appraisers and agents to its network and creating new strategic partnerships. To continue its rapid expansion, the company is now seeking strategic acquisition targets that may include AMC, BPO and appraisal shops, trustee companies, title and escrow companies and other associated service providers.
Recently, in addition to adding a number of staff positions, LRES added several key associates to its executive team, including a chief investment officer, vice president of operations and vice president of marketing.
The company also opened an operations facility in Phoenix to accommodate continued growth, expand its national footprint and also serve as a key component of the company’s disaster recovery plan.
In terms of technology enhancements, the company launched the latest version of LRES DirectConnect™, an integration framework that enables clients and third-party systems to integrate seamlessly into the LRES LINK™ order management platform to optimize and accelerate the appraisal order processing. It also announced an updated version of its auto assignment technology to further streamline and accelerate the placement, tracking and completion of appraisal and BPO order requests for qualified service providers.
“The success of our strategic national growth plan has enabled us to carefully strengthen our internal processes as we grab market share and position ourselves for continued growth as we approach 2014,” said Roger Beane, CEO of LRES. “We look forward to capitalizing on our recent expansion by acquiring companies within the mortgage industry that complement our own.”
Orange County, Calif.-based LRES is a national commercial and residential financial services provider offering property valuations, asset management and technology solutions for clients. With more than 11 years of continued growth, LRES offers complete and customized solutions and managed business processes for the origination and default markets. For more information about LRES, visit its website at www.lres.com.