In keeping with its goal of expanding its national footprint, LRES, a national provider of residential and commercial valuations and asset management services, has acquired appraisal management company (AMC) Lenders Choice. Terms of the deal were not divulged.
LRES says Lenders Choice benefits from the deal in that it is now fully incorporated under LRES' AMC licenses, thus giving it the ability to conduct business within all 50 states.
What's more, Lenders Choice customers now have access to LRES' enhanced technology solutions, including improved connectivity and bulk upload capabilities through its DirectConnect Integration Hub, which is currently integrated with two loan origination systems and five loan service platforms. As such, the acquisition significantly expands Lenders Choice's current infrastructure.
‘We are pleased to welcome Lenders Choice into the LRES family and merge our best-of-breed solutions to enhance service levels for our customers,’ says Roger Beane, founder and CEO of LRES, in a statement. ‘The acquisition aligns with the strategic vision of LRES as we continue to expand our national reach.’