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Tag Archives: LRES

LRES Promotes New VP of Valuations

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.

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LRES Welcomes New Senior Vice President

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.

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LRES Implements New REO System of Operations

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.

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LRES Brings PennyMac on as New Valuation Services Client

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.

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LRES Approved to Transact Business in Virgin Islands

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.

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LRES Expands into Phoenix

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.

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Veterans Lender Services and LRES Corporation Announce Partnership

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.

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LRES Corp. Welcomes New Senior Director of Operations

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.

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LRES Deploys DepotPoint Technology to Manage REO Sales Demand

LRES Corporation, a provider of valuations and asset management for the mortgage, banking, and real estate industries, now uses TrackPoint REO technology to facilitate real estate-owned transactions on behalf of its clients. Created by DepotPoint, Inc., TrackPoint is a workflow and tracking system and the foundation of DepotPoint's default servicing applications, including TrackPoint Loss Mitigation and TrackPoint REO.

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