As of March 31, 2016, LRES, a national REO and appraisal management company just acquired InsideValuation, a provider of commercial and residential evaluations.
LRES currently offers property valuations, REO management, HOA and technology solutions for the mortgage and real estate industry. InsideValuation, headquartered in Reno, Nevada, brings to LRES its commercial and residential interagency-compliant evaluations.
InsiderValuation’s more than 25,000 field agents perform these evaluations.
Due to the acquisition, InsideValuation’s hybrid and appraisal products can now be produced under LRES AMC licenses with jurisdictions in all 50 U.S. states and complying with state regulations.
"InsideValuation looks forward to becoming a part of the LRES family,” InsideValuation CEO Susan Chauncy said. “We are pleased with the match of our company cultures, which will ensure that our clients continue to receive the high level of service that they have grown to expect."
"This merger is a win-win, as InsideValuation's commercial valuation experts will strengthen LRES' commercial unit and LRES' diverse product line will enhance our overall product offerings," Chuncy said.
This acquisition will increase LRES’ product offerings and client base. In addition, InsideValuation customers also now have access to LRES’ technology solutions through LRES DirectConnect Integration Hub, which optimizes and accelerates the valuation ordering process.
“We are excited that InsideValuation is joining our team at LRES as we continue to expand our markets,” LRES founder and CEO Roger Beane said. “We know this acquisition will strengthen our mission at LRES and offer expanded service offerings to various business channels to our valued customers.”