Orange County, Calif.-based LRES, a provider of appraisal and real estate owned (REO) management solutions, has formed a strategic partnership with OSC, a lender-placed insurance, tracking and compliance services provider.
Through this joint venture, LRES now offers OSC's lender-placed insurance and REO insurance services to handle the collateral insurance requirements of its customers' portfolios. In the same way, OSC now offers LRES' full valuation lifecycle management by delivering collateral valuation reports and supporting data in the industry-standard format up to MISMO standards.
According to the companies, this partnership encourages compliance efficiencies, accelerates the valuation ordering process and enables wider customer offerings.
