Lenders Asset Management Corp. (LAMCO) says it has enhanced its disaster recovery plan, which details the company's procedures for responding to emergency situations that could potentially threaten the service-level agreements and commitments that the company has with its clientele.
The disaster recovery plan was designed to facilitate timely recovery of business functions, minimize loss for its clients, and maintain public image and reputation for owners of bank-owned properties.
LAMCO's says its multi-pronged plan takes into account recovery teams; human resource assistance; administrative support such as food, travel and lodging for recovery staff; finance issues such as ordering of equipment or supplies; recovery communications; plan activation with the establishment of remote command centers; a site recovery plan and a business application recovery plan, including comprehensive checklists of duties for each recovery team member.
SOURCE: LAMCO
