""Lenders Asset Management Corporation"":http://www.lendersreo.com (LAMCO), a nationwide REO management company, announced Tuesday that industry veteran Diane M. Cardinal is now[IMAGE]a member of its board of directors and will aid in the company's strategic direction and growth of its REO portfolios.
Cardinal has more than 37 years' experience within the REO and loan servicing industry. Recently retired from U.S. Bank as VP of the foreclosure asset management group, Cardinal was responsible for home equity foreclosures and the liquidation of residential REO portfolios within the home equity and finance divisions.[COLUMN_BREAK]
In 1998, Cardinal had the vision to design a database that supported the management of the home equity foreclosure process, senior lien holder's loan status, and the bankruptcy process, along with the liquidation of the bank's REO portfolios.
This technology enabled her to evaluate the entire process and implement changes to positively position U.S. Bank for today's REO market conditions, yielding results that exceeded expectations.
U.S. Bank awarded Cardinal ""Manager of the Year"" in 2009, as well as the ""World Class Performance Award"" for five years in a row starting in 2003.
""Diane's extensive expertise as an innovative strategist and visionary provide LAMCO additional advantage when serving the REO industry,"" said Brandon J. Hawkes, CEO of LAMCO. ""LAMCO has had the privilege of working with her for more than 18 years, and we welcome her guidance as a LAMCO board member.""
Founded in 1989, LAMCO, headquartered in Littleton, Colorado, delivers customizable REO solutions that the company says enable lending institutions, servicers, investment firms, and insurance entities to efficiently scale operations and liquidate REO assets with mitigated risk. The company monitors and manages the entire REO default process, from initial legal action through the sale of the property.