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LRES Experiences Major Growth in 2014
[December 16, 2014]

LRES Experiences Major Growth in 2014


LRES, a national provider of commercial and residential valuations and asset management for the mortgage, banking, credit union and real estate industries, announced that it has experienced 13 percent revenue growth throughout 2014 and is projected to achieve a 28 percent growth rate in 2015 due to an increasing demand for mortgage appraisal services and expanding client base.

This expansion is due in large part to the LRES 360 Program implemented this year, which added resources to the client relations division and a highly focused strategic plan for the first 360 hours of a new client's relationship with LRES. All new orders for appraisals are tracked, appropriate follow-up is confirmed and hourly checks are issued to ensure that all deadlines are met.

This year LRES also introduced hybrid valuation products to help its clients meet evolving property valuation requirements. These products combine accurate property values with additional information that is often overlooked but can substantially impact a property's value. New strategies such as these contributed to LRES' recognition in the range County Business Journal as one of the fastest growing midsized companies in Orange (News - Alert) County, Calif.



To keep up with its external growth, LRES increased internally expanding business into 11 new states and is growing its staff to handle additional volumes. With this expansion, the company added new corporate roles including chief administrative officer, manager of compliance, two executive vice presidents and a vice president of human resources, asset management and valuations, respectively.

In terms of technology enhancements, LRES DirectConnect™ Integration hub now integrates with two loan origination systems and five loan service platforms. Other technology improvements include an enhanced auto-assignment process to assign the best qualified appraiser/broker, improved vendor grading system and scorecards and enhanced automated custom client reports. LRES also implemented the utilization of third-party automated QC software to improve the quality of appraisal reports prior to line-by-line auditor review.


"This has been a banner year for LRES thanks to the hard work and dedication of our staff, process and product improvements and numerous technology enhancements," said Roger Beane, CEO of LRES. "We have positioned the company for further growth in 2015 as a result of such increased technical innovations and corporate expansion."

About LRES

Orange County, Calif.-based LRES is a national commercial and residential financial services provider offering property valuations, asset management and technology solutions for clients. With more than 11 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.


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