LRES Expands Sales Division
Boosts sales force to respond to heightened AMC market demand; accommodate growth
ORANGE, Calif.--(BUSINESS WIRE)--LRES, a national provider of residential and commercial valuations and asset management for the mortgage, banking, credit union and real estate industries, announced the expansion of its sales division to respond to the increased market demand for appraisal management companies (AMCs) and accommodate the uptick of new client accounts.
“Now that the mortgage market is in a healthier state, more small- to medium-sized lenders are seeking AMCs to create efficiencies within the appraisal process and maintain compliance and proper due diligence of appraisal staff and state and federal regulations”
As part of the expansion, LRES is nearly doubling the size of its sales force to respond to increased lender demand for AMCs to assist with their national appraisal management programs and enable them to more effectively adhere to challenging compliance measures surrounding the appraisal process.
To ensure a seamless client onboarding process, a new initiative was developed called the LRES 360 Program, which involves taking a more strategic focus within the first 360 hours a new client comes on board. During this time, the sales and client relations division works heavily with the operations and management divisions to track all new orders for appraisals to ensure they are processed and placed in time, follow up with appropriate vendors to ensure they are fulfilling their duties, check in on an hourly basis with operations to ensure all deadlines are met and confirm with clients that all completed orders have been seamlessly delivered.
“Now that the mortgage market is in a healthier state, more small- to medium-sized lenders are seeking AMCs to create efficiencies within the appraisal process and maintain compliance and proper due diligence of appraisal staff and state and federal regulations,” said Paul Abbamonto, COO of LRES. “Our extended sales force will help deliver a smoother onboarding process to mitigate risk associated with today’s demanding regulatory environment.”
Orange County, Calif.-based LRES is a national residential and commercial financial services provider offering property valuations, asset management and technology solutions for clients. 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.