2012 is proving to be a successful year for LRES as the company announced steady growth for the year. The financial services provider reported a 35% growth in 2012 and predicts it will extend its annual growth by up to 20% in 2013 via property management expansion.
“In 2012, LRES was able to achieve record growth due to the stability and integrity of its qualified management team and its competitive business practices,” said Roger Beane, CEO of LRES.
The Orange County, Calif.-based company improved its technology this year as well, migrating to a new virtual infrastructure, developing a certified data center in order to achieve MISMO 3.1 compliance preparing compliance with the Appraisal Institute’s residential data storage and transmission standard.
LRES also expanded its commercial and Broker Opinion of Value products, a large contributor to the record growth.
The company also grew past 100 associates in three states after creating three strategic partnerships.
“We look forward to growing our business units and continuing to offer end-to-end customized solutions and managed business processes that limit loss severity and maximize return on investment for our clients in the loan origination and default housing markets,“ said Beane.