ORANGE, Calif.–(BUSINESS WIRE)–LRES, a national appraisal management company and REO manager offering property valuations, asset management and technology solutions for mortgage bankers, lenders, servicers, credit unions and private investors, announced that it has formed a strategic partnership with OSC, a lender-placed insurance, tracking and compliance services provider.
Through this partnership, LRES now offers its lender clients OSC’s lender-placed insurance and REO insurance services to manage the collateral insurance requirements of its customers’ portfolios. In turn, OSC now offers LRES’ full valuation lifecycle management for clients by delivering collateral valuation reports and supporting data in the MISMO industry-standard format. This union drives compliance efficiencies to meet the complex multi-collateral tracking demands of lenders while optimizing and accelerating the valuation ordering process.
“Our partnership with LRES greatly enhances our client experience by providing high-quality appraisal management services and critical insights on homeowners’ associations to inform risk exposures,” said Keith Gilroy, president of OSC.
“Through our strategic alliance with OSC, we can now offer our customers sophisticated options for collateral tracking and compliance leadership,” said Roger Beane, CEO of LRES.
OSC, a Breckenridge Insurance Group Company, is a financial risk management and compliance technology service provider based in Kennesaw, Ga. For more than 30 years, OSC has delivered risk management and technology solutions to financial institutions of all sizes, serving more than 1,000 clients nationwide. OSC was among the first of its industry peers to successfully complete the SSAE16 SOC1 audit. The company’s reputation as a compliance expert and technology innovator is exemplified in OSC’s proprietary IrisX (Informed Risk eXchange) suite of cloud-based software solutions. The proprietary system is designed to meet the complex compliance and multi-collateral tracking demands of the 21st century consumer and commercial lender.
Orange County, Calif.-based LRES is a national appraisal management and REO management company offering property valuations, asset management and technology solutions for mortgage bankers, lenders, servicers, credit unions and private investors. With more than 13 years of continued growth, LRES offers residential and commercial solutions and managed business processes for the origination and default markets. For more information about LRES, visit its website at www.lres.com.