- Offers information regarding efficient management and liquidation of REO properties -
Littleton, Colo., Dec. 14, 2009 – Lenders Asset Management Corporation (LAMCO), a full-service, default asset management company that offers comprehensive REO services throughout the United States, announced the launch of its new Web site to offer additional information providing insight to lenders on outsourcing and the associated processes utilized to meet REO default management needs and how to resolve them.
The new site also further defines the LAMCO REO Liquidation Management ProcessSM, a comprehensive system developed during the past 20 years to cost-effectively manage and liquidate default properties quickly and efficiently. Since 1989, LAMCO has developed the process to deliver customizable REO solutions that enable lending institutions, servicers, investment firms and insurance entities the ability to cost-effectively scale operations and liquidate assets in full compliance with local and federal regulations.
Additionally, the site is complimented by the newly created LAMCOnetwork, which connects institutions that do not partner with an REO asset management company and need help managing REO properties with experienced third-party vendors, such as REO realtors, appraisers, contractors and others in a one-stop, intelligent database.
“Our new Web site provides practical information to lenders and REO service providers about outsourcing the default asset management process,” said Brandon J. Hawkes, CEO of LAMCO. “It also offers lenders additional information regarding best practices and the most effective methods to manage and liquidate REO properties.”
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.