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LRES Deploys Hybrid Valuation Products for the Mortgage Industry

February 4, 2014

Generates more accurate appraisals; addresses increased regulatory oversight ORANGE, Calif. --(BUSINESS WIRE)-- LRES , a national provider of residential and commercial valuations and asset management for the mortgage, banking, credit union and real estate industries, now offers hybrid valuation products to help its clients meet evolving property valuation requirements in a changing mortgage lending environment. LRES’ hybrid valuation products combine accurate property values with additional information that is often overlooked but can substantially impact a property’s value. Examples of its hybrid valuation suite of offerings include a broker price opinion (BPO) matched with repair costs; a BPO reviewed by a licensed appraiser; an analysis of mortgage pool assets paired with and enhanced by understanding a current property’s value, repair costs and as-repaired value; and post-transaction analysis that includes data from a thorough review of previous valuations and reconciliation of value differences. The hybrid offering is flexible and the services are configured to meet specific client requirements. “Our hybrid valuation products generate more accurate valuations by including additional information that is proving very useful to our clients,” said Roger Beane , CEO of LRES. “This reduces lenders’ risk and increases profitability.” About LRES Orange County, Calif. -based LRES is a national residential and commercial financial services provider offering property valuations, asset management and technology solutions for clients. With more than 13 years of continued growth, LRES offers complete and customized solutions and managed business processes for the origination and default markets. For more information about LRES, visit its website at www.lres.com . LRES Sarah Wroble , 678-781-7236 Source: LRES


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Source: Business Wire


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