LAMCO Launches REO Services Scalability Initiative

Lenders Asset Management Corp. (LAMCO), a real estate owned (REO) solutions provider, has developed an REO services scalability initiative.

The company has launched the program in preparation for what it expects to be a high volume of foreclosures in 2010. The scalability initiative involves providing ongoing training to existing staff, hiring new personnel, completing the expansion of its current office space, setting up additional facilities to further accommodate its national coverage and continuing to build up its nationwide network of approximately 25,000 vendors providing REO services.

‘In preparation for the anticipated spike in foreclosures, LAMCO has launched our REO services scalability initiative to structure, organize and plan for the expected influx of homes that will face foreclosure and efficiently scale operations to maintain the properties and identify new home buyers as quickly as possible," explains Brand J. Hawkes, LAMCO's CEO.

SOURCE: LAMCO

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