Tag Archives: LRES

LRES announced that Ann Song has been named VP of REO asset management. In her new role, Song will be responsible for managing the company's REO portfolio of up to 2,000 assets and growing the number of REO specialists in the company's Orange County and Phoenix locations.

LRES, a national provider of residential and commercial valuations and asset management for the mortgage, banking, credit union and real estate industries, announced Selene Nunez has been named VP of valuations. Nunez is a 14-year veteran at LRES.

LRES, a national provider of residential and commercial valuations and asset management for the mortgage, banking, credit union, and real estate industries, announced Richard Cimino has been named SVP and executive advisor. Cimino will be responsible for enhancing business development and leading several key strategic initiatives.

LRES, a national provider of residential and commercial valuations and asset management for the mortgage, banking, credit union, and real estate industries, announced a new real estate owned (REO) operating model. The model is expected to increase efficiency and accommodate new clients.

LRES, a national provider of commercial and residential valuations and asset management, announced it is now serving the retail lending division of California-based PennyMac Financial Services. As part of its services for PennyMac, LRES is managing appraisals that comply with all USPAP requirements as well as all state and federal appraiser independence regulations for the company's customers.

LRES, a California-based company specializing in commercial and residential valuations and asset management, announced it has received a Certificate of Authority to conduct business in the U.S. Virgin Islands. With the certificate, LRES is officially authorized to do business within 54 U.S. states and jurisdictions.

LRES, a provider of commercial and residential valuations and asset management for the mortgage, banking, credit union and real estate industries, opened up a new facility in Phoenix.

LRES' former COO, Alice Sorenson, transitioned into a new position as chief investment officer. Sorenson successfully served as COO for four years before accepting new responsibilities as chief investment officer.

LRES Corporation has teamed up with Veterans Lender Services to form a new partnership known as VLS/LRES. As the first nationwide minority and service disabled veteran-owned asset management joint venture, it will provide financial institutions with asset disposition solutions that provide jobs and market defaulted and foreclosed properties as affordable homeownership opportunities to the underserved first-time military, veterans, and minority communities.

LRES Corporation recently announced that it has welcomed Tammy Boren as the company's new senior director of operations. Boren will be responsible for the implementation of operational strategies and objectives across multiple departments. She was previously VP of client services at UTLS Default Services, Inc.