Skip to main content

LRES Acquires Keystone Asset Management

Aug 23, 2021

Acquisition of Pa. Firm Gives Calif.-based LRES Access To East Coast

LRES Corp. has signed a definitive agreement to acquire Keystone Asset Management Inc., the companies announced Monday.

LRES Corp., a diversified REO/asset management & valuations company based in Orange, Calif., said the agreement to acquire Pennsylvania-based Keystone Asset Management Inc. is expected to close by Sept. 1, 2021. The joined companies will operate under the LRES Corp. brand.

"Keystone has been a well-known and respected player in the REO/asset management business as well as the appraisal and valuation businesses for over 20 years.

We know the management team well and have admired their growth, innovation, and resiliency. It was an easy decision to join forces," said LRES CEO Roger Beane.

Keystone Founder Jane Hennessy said she and Beane had discussed “for a long time about finding a way to align forces,” and said they are both “delighted” to have achieved a deal. “LRES brings an additional layer of Tier One delivery capabilities. It is an exciting time for our team,” she said.

Keystone CEO Ryan Hennessy said he has known the LRES team for many years.  "The two companies have a lot in common, have had a great working relationship over the years, and present a formidable solution to the REO and valuation ecosystems,” he said.

The acquisition of Keystone complements LRES' continued drive to expand its servicing solutions channel and the customers it serves. "Keystone brings with it tremendous talent and technology capabilities," LRES President Mark Johnson said. "An exciting byproduct of this union is that we now have a talented team located in the Eastern time zone."

Based in Lansdale, Pa., Keystone provides property valuations, REO asset management, property tax consulting, property preservation, and insurance services. To learn more, click here.

Founded in 2001, LRES Corp. provides property valuations, REO asset management, HOA, and commercial trustee solutions for the mortgage and real estate industry. For more on LRES, click here.

About the author
David Krechevsky was an editor at NMP.
Published
Aug 23, 2021
HUD Freezes Foreclosures On FHA Mortgages In Texas Flood Zone

Kerr County homeowners among hardest hit in disaster that’s claimed more than 100 lives

Jul 09, 2025
Fewer Canadians Hunt For U.S. Property

Largest component of international buyers in U.S. takes more than 25% hit

Jul 08, 2025
Fannie, Freddie Now Allow Lenders To Use VantageScore 4.0

Lenders will keep tri-merge credit scoring model; what this shift means

Fairway Independent Mortgage Corporation Announces Rebranding

Now Fairway Home Mortgage, company also donates $1M to support relief efforts in deadly Texas flooding

Jul 07, 2025
FHFA Chief Officially Calls For Investigation Of Federal Reserve Chairman Powell

Alleges Powell lied in testimony to Congress regarding Fed building renovations, says Fed Chair should be fired

BBB Will Impact Homeowners, Buyers

U.S. House and Senate must agree on certain tax, mortgage insurance premium deductions