LRES Names Paul Abbamonto as Chief Operations Officer

ORANGE, Calif. -- (BUSINESS WIRE) -- LRES, a national provider of commercial and residential valuations and asset management for the mortgage, banking, credit union and real estate industries, has named Paul Abbamonto as chief operations officer (COO).

As COO, Abbamonto is responsible for LRES’ day-to-day operating activities, including revenue and organic sales growth and meeting the company’s financial goals. Prior to joining LRES, Abbamonto served as senior vice president of default services at a national title company, where he was responsible for improving turn times and working with senior management and senior legal counsel to expand into new states. Prior to that, he served in executive leadership positions at a variety of financial organizations including PrimaHealth Credit, Citizens Direct, ResMAE Mortgage (Citadel Investments Group) and Countrywide Home Loans and Full Spectrum Lending, Countrywide’s retail subprime division.

“Paul is an industry veteran who has decades of experience managing and growing financial services companies,” said Roger Beane, CEO of LRES. “His leadership, vision and extensive background working with large institutions positions him perfectly to help with LRES’ successful execution of business strategies for company products and services in commercial and residential markets.”

Abbamonto holds a bachelor’s degree from California State University in finance.

About LRES

Orange County, Calif.-based LRES is a national commercial and residential services provider offering property valuations, asset management and technology solutions. With more than 10 years of continued growth, LRES offers complete and customized solutions and managed business processes for the origination and default markets. For more information about LRES, visit its website at www.lres.com.