ORANGE, Calif. -- (BUSINESS WIRE) -- LRES, a national provider of residential and commercial valuations and asset management for the mortgage, banking, credit union and real estate industries, announced Ann Song has been named vice president of REO asset management. LRES offers a full suite of REO asset management services for lenders, servicers and investors throughout the country.
In her new role, Song is responsible for managing the company’s REO portfolio of up to 2,000 assets and growing the number of REO specialists in the company’s Orange County and Phoenix office locations. She also develops reporting and other processes to monitor the flow of REO assets and deadlines; ensures adherence to investor and specific state, local and county requirements; and leads the implementation of operational strategies, objectives and processes.
Prior to joining LRES, Song held a variety of management positions for U.S. Bank National Association within the asset management, REO and quality control departments. She has also held management positions with several other lenders.
“Ann’s extensive knowledge in the areas of quality control and REO sales will further enable our company to grow its REO division,” said Paul Abbamonto, chief operating officer. “Her proven leadership experience and ability to motivate and coordinate diverse groups will help LRES achieve even higher performance and profitability goals.”
Song holds a bachelor’s degree from the University of Southern California.
Orange County, Calif.-based LRES is a national residential and commercial financial services provider offering property valuations, asset management and technology solutions for clients. With more than 13 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.