LRES, a national provider of commercial and residential valuations and asset management for the mortgage, banking, credit union and real estate industries, announced the latest release of its LRES DirectConnect, framework, which enables a user’s technology to seamlessly connect with the LRES LINK proprietary order management platform to optimize and accelerate the valuation ordering process.
The latest version of LRES DirectConnect significantly reduces the time for successful systems integration from 4-6 months down to 2-4 weeks. This release is flexible enough to connect any financial institution to any third party provider of appraisal and property valuation services. It also provides users collateral valuation reports as well as the supporting data in the MISMO industry-standard format.
“Our latest version of DirectConnect offers mortgage lenders, bankers, credit unions and other financial institutions a comprehensive yet practical solution for ordering and delivering property valuations,” said Roger Beane, CEO of LRES. “The benefits of using this technology can be leveraged into a competitive advantage by organizations that value automation, speed, efficiency and accuracy in an increasingly competitive marketplace.”
Orange County, Calif.-based LRES is a national residential and commercial financial services provider offering property valuations, real estate asset management and technology solutions for clients throughout the United States. With more than 13 years of continued growth, LRES offers complete and customized solutions and managed business processes for the origination and default markets.