LRES Forms Strategic Partnership With OSC

Sep 16, 2015

LRES has announced that it has formed strategic partnership with OSC, a lender-placed insurance, tracking and compliance services provider.

Through this partnership, LRES now offers its lender clients OSC’s lender-placed insurance and REO insurance services to manage the collateral insurance requirements of its customers’ portfolios. In turn, OSC now offers LRES’ full valuation lifecycle management for clients by delivering collateral valuation reports and supporting data in the MISMO industry-standard format. This union drives compliance efficiencies to meet the complex multi-collateral tracking demands of lenders while optimizing and accelerating the valuation ordering process.

“Our partnership with LRES greatly enhances our client experience by providing high-quality appraisal management services and critical insights on homeowners’ associations to inform risk exposures,” said Keith Gilroy, president of OSC.

“Through our strategic alliance with OSC, we can now offer our customers sophisticated options for collateral tracking and compliance leadership,” said Roger Beane, CEO of LRES.

About the author

NationalMortgageProfessional.com

Link copied

Published

Sep 16, 2015

Operations

Fairway Acquires Hallmark Home Mortgage Through Asset Purchase

Hallmark to become new Fairway division, gets access to Fairway's Fairway's product portfolio, tech, and support resources

Fairway Independent Mortgage Corporation, one of the largest retail mortgage lenders in the U.S., has agreed to acquire Hallmark Home Mortgage. Terms of the transaction were not disclosed, but Fairway will purchase “significant assets” of Indiana-based Hallmark, whic...

Regulation and Compliance

Trigger Leads Bill Clears Senate

Final push now left to House; reconciled bill needed next

The U.S. Senate has passed the Homebuyers Privacy Protection Act (S. 1467), bringing the mortgage industry one step closer to curbing the controversial use of mortgage trigger leads. The Mortgage Bankers Association (MBA) applauded the June 12 vote, which follows earlier pro...