Adds information providing insight to lenders on outsourcing and associated processes

Lenders Asset Management Corporation (LAMCO), default asset management company that offers comprehensive REO services throughout US, has launched new web site to offer additional information providing insight to lenders on outsourcing and the associated processes utilized to meet REO default management needs and resolve them.

The company said that the new site also further defines the LAMCO REO liquidation management process to cost-effectively manage and liquidate default properties efficiently.

In addition, the site is complimented by the newly created LAMCOnetwork, which connects institutions that do not partner with an REO asset management company and need help managing REO properties with experienced third-party vendors, such as REO realtors, appraisers, contractors and others in a one-stop, intelligent database. The national network of vendors provides support across the continental US, plus Alaska, Hawaii, Guam, Saipan and American Samoa.

Brandon Hawkes, CEO of LAMCO, said: “Our new Web site provides practical information to lenders and REO service providers about outsourcing the default asset management process. It also offers lenders additional information regarding best practices and the most effective methods to manage and liquidate REO properties.”