LRES has announced the expansion of its sales division to respond to the increased market demand for appraisal management companies (AMCs) and accommodate the uptick of new client accounts. As part of the expansion, LRES is nearly doubling the size of its sales force to respond to increased lender demand for AMCs to assist with their national appraisal management programs and enable them to more effectively adhere to challenging compliance measures surrounding the appraisal process.
To ensure a seamless client onboarding process, a new initiative was developed called the LRES 360 Program, which involves taking a more strategic focus within the first 360 hours a new client comes on board. During this time, the sales and client relations division works heavily with the operations and management divisions to track all new orders for appraisals to ensure they are processed and placed in time, follow up with appropriate vendors to ensure they are fulfilling their duties, check in on an hourly basis with operations to ensure all deadlines are met and confirm with clients that all completed orders have been seamlessly delivered.
“Now that the mortgage market is in a healthier state, more small- to medium-sized lenders are seeking AMCs to create efficiencies within the appraisal process and maintain compliance and proper due diligence of appraisal staff and state and federal regulations,” said Paul Abbamonto, COO of LRES. “Our extended sales force will help deliver a smoother onboarding process to mitigate risk associated with today’s demanding regulatory environment.”