National Program Targets Mortgage Fraud

SCOTTSDALE, Ariz. - May 7, 2013 - PRLog -- Scottsdale, Ariz.—LRC Asset Management, a majority-owned company of Loan Resolution Corporation (LRC), has announced the launch of a revolutionary program that catches fraud and speeds REO timelines to less than 180 days. RealtyRecon™ quickly determines occupancy in REO housing units, addressing one of the industry’s biggest shortfalls. The Scottsdale-based company’s proprietary program works with existing listing agents as a seamless addition to REO and short sales operations.

“The amount of fraud in REO and short sales is staggering,” said Travis Hamel Olsen, co-president of Loan Resolution Corporation. “RealtyRecon™ virtually eliminates all fraudulent repair claims by agents and contractors, and those tricky pocket-investors that agents sometimes work with, so we can get the owner of the mortgage the full return they deserve.”

The groundbreaking program significantly lowers code violations by providing occupation verifications and weekly inspections. RealtyRecon™ agents visit the properties on a weekly basis, delivering timely reports complete with photographic evidence.

“Our clients have been asking for this resource since the market crashed,” added Olsen.” “It’s time for bogus repair claims and fraudulent agents to go the way of the dinosaurs.”

Recently, INC Magazine identified Loan Resolution Corporation as one of the fastest-growing companies in the United States. LRC’s three-year 2,540 percent growth rate earned it the #126 ranking in the nation.

For additional information about Loan Resolution Corporation, please visit: www.LoanResolution.com.

About LRC Asset Management:

Founded in 2012, LRC Asset Management assists banks, servicers and government-sponsored enterprises with the timely valuation, preservation, and liquidation of distressed assets on a nationwide basis, while utilizing its groundbreaking proprietary REO-management model.

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.