Orange, California-based LRES announced it has acquired Lenders Choice, a residential real estate appraisal management company providing valuation services specifically for the mortgage industry.

LRES is provider of residential and commercial valuations and asset management for the mortgage, banking, credit union and real estate industries. 

Meanwhile, Lenders Choice specializes in completing of appraisals through its communications technology and software platform, which will help expand growth opportunities for LRES.

As a result of the acquisition, Lenders Choice is now fully incorporated under LRES’ AMC licenses, gaining the ability to conduct business within all 50 U.S. states and jurisdictions.

 “We are pleased to welcome Lenders Choice into the LRES family and merge our best-of-breed solutions to enhance service levels for our customers,” said Roger Beane, LRES founder and CEO. “The acquisition aligns with the strategic vision of LRES as we continue to expand our national reach.”