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 that its LRES DirectConnect™ Integration Hub now seamlessly integrates with Lake Forest, Calif.-based RES.NET.
Through this integration, the LRES DirectConnect Integration Hub has been added to the integrated partner menu within RES.NET's REO Portal, offering full valuation lifecycle management for RES.NET’s lending institution customers, allowing them to select LRES as a provider to order and receive collateral valuation reports directly from the platform.
The LRES DirectConnect Integration Hub offers an integration framework that connects financial institutions and third-party systems to the LRES LINK™ order management platform to optimize and accelerate appraisal order processing.
Keith Guenther, CEO of RES.NET, commented, “We are pleased to add another distinguished, integrated partner into the RES.NET platform to increase our service provider offerings to our customers.”
“The latest version of our DirectConnect technology serves RES.NET's REO Portal users by providing the ability to more effectively manage the ordering of appraisals,” said Roger Beane, CEO of LRES. “We are looking forward to continuing and growing our relationship with RES.NET.”
RES.NET, initially established in 2003 as a subsidiary of USRES, provides a variety of specialized technology portals designed for different aspects of the real estate industry. Each portal integrates servicers, brokers, outsourcers, third-party service providers, homeowners and buyers. Through these portals, RES.NET users can each access a single platform to optimize communication and streamline processes. The portals deliver a customized, automated workflow and centralize data and documentation to create a continuous audit trail and repository. For more information about RES.NET visit its website at www.res.net.
Orange County, Calif.-based LRES is a national residential and commercial financial services provider offering property valuations, real estate asset management and technology solutions for clients throughout the United States. With more than 13 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.