LAMCO Turns 20

Posted by Orb Staff on October 28, 2009 No Comments
Categories : Mortgage Servicing

Littleton, Colo.-based Lenders Asset Management Corp. (LAMCO), a nationwide default management company offering real estate owned (REO) property management services, is celebrating 20 years of operation serving the mortgage industry.

Since 1989, LAMCO has liquidated more than $5 billion in residential assets for some of the largest financial institutions in the nation.

According to a company statement, LAMCO averages a 45-day turn time on REO properties it liquidates and 90% of the broker price opinion value per property sale.

SOURCE: Lenders Asset Management Corp.

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