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Loan Resolution Corporation Posts 107 Percent Growth

Loan Resolution Corporation doubles in size in 2011; Completes strategic acquisition in 2012

 
PRLog - May 1, 2012 - Scottsdale, Ariz.—Loan Resolution Corporation announced today that revenue increased over 100 percent for a third consecutive year. The Scottsdale-based company also doubled the size of its staff during 2011 to more than 200 associates. In January 2012, LRC acquired KeyLink Asset Management and renamed the company LRC Asset Management. Loan Resolution Corporation has been the leading vendor in resolving defaulted mortgages since 2005, and it is now expanding its footprint to be an even greater resource for helping the nation recover from the housing crisis.

“We are fortunate to have worked hard with the biggest names in the industry,” said Travis Hamel Olsen, chief operating officer of Loan Resolution Corporation. “By implementing proprietary algorithms and state-of-the-art technology, our highly trained staff is able to simultaneously increase efficiency and volume.”

Loan Resolution Corporation is one of a few companies that are proficient at both resolving delinquent mortgages and selling bank-owned properties nationwide on a large scale, evidenced by the fact it has never lost a champion challenger in any line of business. LRC continues to expand its scope of services as a major player in the industry by providing strategic solutions to address the mortgage and real estate crisis. Nearly 29 percent of American mortgages are underwater, and there were 862,000 completed foreclosures between February 2011 and February 2012.

“With the $25 billion robo-signing settlement behind us, the industry is ready to focus on a new phase,” Olsen added. “The Fannie Mae REO rental program is the beginning of that phase, and LRC is using its high-octane performance and scalability to help struggling homeowners successfully avoid foreclosure and get the nation out of this mess.”

For additional information about Loan Resolution Corporation or LRC Asset Management, please visit: www.LoanResolution.com.

About Loan Resolution Corporation:

Founded in 2005, Scottsdale-based Loan Resolution Corporation is an innovative, full-service company for distressed mortgages and real estate. By using its proprietary technology that provides real-time reporting for its investors and clients, LRC specializes in the purchase of non-performing loans and real property, implementing strategies to resolve delinquent mortgages, providing property management services, and using unique approaches to sell real estate.

For additional information about Loan Resolution Corporation, please visit: www.LoanResolution.com or call (480) 455-3500.

Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties, including change in economic conditions of the various markets the Company serves.

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Source:Loan Resolution Corporation
Phone:800.805.1446
Zip:85254
City/Town:Scottsdale - Arizona - United States
Industry:Mortgage, Banking, Real Estate
Tags:Mortgage, foreclosure, short sale, reo, fannie mae
Shortcut:prlog.org/11863652
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