marketanalysis

LRES Acquires An AMC

LRES has acquired Lenders Choice, a residential real estate appraisal management company (AMC) providing valuation services specifically for the mortgage industry.Here’s the scoop:

Headquartered in Tulsa, Oklahoma, Lenders Choice specializes in fast and thorough completion of appraisals through its communications technology and software platform, expanding growth opportunities for LRES which proudly maintains nationwide compliance.

Through this acquisition, Lenders Choice is now fully incorporated under LRES’ AMC licenses, gaining the ability to conduct business within all 50 U.S. states and jurisdictions. Lenders Choice customers are also exposed to LRES’ enhanced technology solutions, including easier systems connectivity and bulk upload capabilities through its DirectConnect™ Integration Hub, which is currently integrated with two loan origination systems and five loan service platforms. The acquisition enhances Lenders Choice’s current infrastructure with the ability to handle more volume.

“We are pleased to welcome Lenders Choice into the LRES family and merge our best-of-breed solutions to enhance service levels for our customers,” said Roger Beane, LRES founder and CEO. “The acquisition aligns with the strategic vision of LRES as we continue to expand our national reach.”

The acquisition became official on Jan. 1, 2015.

About The Author

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Tony Garritano
Tony Garritano is chairman and founder at PROGRESS in Lending Association. As a speaker Tony has worked hard to inform executives about how technology should be a tool used to further business objectives. For over 10 years he has worked as a journalist, researcher and speaker in the mortgage technology space. Starting this association was the next step for someone like Tony, who has dedicated his career to providing mortgage executives with the information needed to make informed technology decisions. He can be reached via e-mail at tony@progressinlending.com.