ORANGE, Calif.--(BUSINESS WIRE)--LRES, a national provider of commercial and residential valuations and asset management for the mortgage, banking, credit union and real estate industries, announced it has opened an operations facility in Phoenix to accommodate continued growth while also serving as a key component of the company’s disaster recovery plan.
The new site manages the company’s entire vendor management operations and conducts professional appraisal reviews. Staff field appraisers are officed in the new location as well, and eventually the order management staff will work in the Phoenix office too. The new facility supports LRES’ business continuity plan by serving as a back-up site in the event that LRES’ Orange County headquarters experiences a power outage so that full service levels remain in place. The company also looks forward to tapping into the supply of mortgage industry talent located in the Phoenix area.
“The opening of our new facility illustrates the company’s growth and leading position within the valuation and asset management industry,” said Roger Beane, CEO of LRES. “Our efforts to expand the company and hire top-tier mortgage talent enable us to assure our clients that we are investing in systems, processes and employees to continue a high level of service and performance for them.”
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 10 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.