REO Default Asset Management Outsourcing Services

LAMCO provides REO default asset management outsourcing services for residential properties across the entire default – REO life cycle, from initial stages of foreclosure through liquidation. LAMCO provides comprehensive management of the REO supply chain for individual properties or entire portfolios for some the nation’s largest institutions as well as for smaller banks that lack the resources or expertise to efficiently execute the REO default process. We help our clients reduce their costs of default servicing and REO disposition, scale their operations, mitigate their risk and improve their REO liquidation efficiency.

Categories of default and REO services provided by LAMCO include:

• Property evaluation
• Property preservation
• Property monitoring
• REO risk mitigation and compliance management
• REO marketing, sales and liquidation services.

We work in a highly consultative manner, tailoring our services using our proprietary LAMCO REO Liquidation Management Process^SM to provide each client solutions for their specific needs.

All default and REO services are executed using an experienced, nationwide network of REO realtors, attorneys, appraisers, contractors and service providers. Our resources evaluate, preserve, monitor and efficiently dispose of REO properties while mitigating risk for our clients. LAMCO provides default asset management outsourcing services across all 50 states, including Hawaii, Alaska, Guam, Saipan and American Samoa.

If you are a lending institution, servicer, investor, or mortgage insurer, LAMCO can save you time and money with your foreclosures.