Provides enhanced focus, faster liquidation of REO properties

Littleton, Colo., Nov. 24, 2009 – Lenders Asset Management Corporation (LAMCO), a full-service, nationwide default asset management company that offers comprehensive REO services, announced it offers its clients specialized teams as part of its expanded LAMCO REO Liquidation Management Process to effectively handle the intricacies of each account.

LAMCO’s system for managing these teams enables the company to deliver customizable REO solutions that enable lending institutions, servicers, investment firms and insurance entities the ability to cost-effectively scale operations and liquidate REO assets with mitigated risk in approximately half the time of the industry standard while ensuring data security and integrity.
Each assigned team of dedicated REO asset management professionals is structured in a hierarchical fashion, typically including a client operations manager, REO account supervisor, oversight manager, asset managers and a team administrator depending on the size and scope of work. Each team can grow or shrink based on the volume of the REO properties or the number of services that a client seeks.

LAMCO’s recruiting, ongoing training and performance management and development programs enable LAMCO to tie team performance to process expectations, client goals and service standards. Account supervisors regularly review each team’s work performance to further ensure it is achieving maximum levels of performance and collectively leveraging skill sets that allow the liquidation of REO properties quickly and efficiently.

“Our dedicated team structure has evolved during the past 20 years and incorporates many of the lessons learned,” said Brandon J. Hawkes, CEO of LAMCO. “Many of these lessons focus on combining the right skill sets on each team, a comprehensive process for managing the teams and enhanced training to boost efficiency and cost-effectiveness.”