Orange, California-based LRES experienced considerable growth in 2016 due to multiple new company products and offerings, new additions to the executive team, and a larger overall client base, which is partly due to the acquisition the company made in April of last year.
LRES, which offers REO asset management, commercial and residential real estate valuations, and technology solutions for the real estate industry, made the decision to acquire residential and commercial evaluator InsideValuation and their 25,000 field agents. The acquisition did quite a bit to bolster LRES’ offerings and client base.
LRES further built upon its homeowners’ association (HOA) services to include aid originators and servicers and investors to assess and manage the risk associated with HOA defaults. They also improved their HOA platform to more accurately keep track of HOA Liens.
The firm furthered their success through the hiring of a few new executives. This included a new CTO, chief appraiser, VP of operations, and VP of technology.
Roger Beane, CEO of LRES, discussed a few pinnacles from last year. “LRES achieved many highlights in 2016 with our additional service offerings, growing skilled executive team, improved internal processes and another successful acquisition,” he said.” “2016 was also the year LRES celebrated its 15-year anniversary, and we look forward to many more anniversaries better serving the real estate industry through enhanced offerings and quality customer service.”