Littleton, Colo., Feb. 4, 2010 – Lenders Asset Management Corporation(LAMCO), a full-service, nationwide REO management company, announced enhancements to its Disaster Recovery Plan, a detailed listing of LAMCO’s procedures for responding to emergency situations that could potentially threaten the service level agreements and commitments it has with its clientele.
The LAMCO Disaster Recovery Plan was designed to facilitate timely recovery of business functions, minimize loss for its clients and maintain public image and reputation for owners of REO properties.
LAMCO’s multi-pronged plan takes into account recovery teams; human resource assistance; administrative support such as food, travel and lodging for recovery staff; finance issues such as ordering of equipment or supplies; recovery communications; plan activation with the establishment of remote command centers; a site recovery plan and a business application recovery plan, including comprehensive checklists of duties for each recovery team member.
“By developing a comprehensive disaster recovery plan, LAMCO ensures that the organization is fully prepared and equipped to deal with any type of disaster, be it a fire, natural disaster or any other situation that may be unexpected, “ said Brandon J. Hawkes, CEO of LAMCO. “We take the necessary precautions to give our clients and their customers peace of mind that they are constantly protected at any state in time.”
About LAMCO
Founded in 1989, LAMCO delivers customizable REO solutions that enable lending institutions, servicers, investment firms and insurance entities the ability to efficiently scale operations and liquidate REO assets with mitigated risk. The full-service, nationwide company monitors and manages the entire REO default process, from initial legal action through the sale of the property. For more information on the privately held company, visit
www.lendersreo.com.