LRC is a family of companies which each specialize in a different stage in the mortgage/property lifecycle. LRC believes that it shouldn't enter a line of business unless it has true differentiating factors, so each company focuses on innovation to ensure its service is unique to the rest of the industry.
LRC is one of the few vendors that can work on behalf of a servicer/investor at the point their customer becomes delinquent all the way through disposing of the property as an REO or renting it out. Because of LRC's proprietary software, LRC is a unique operation that combines high-volume with high-touch to offer a true cradle-to-grave service from delinquency through disposition.
Founded in 2005 with its nationwide headquarters in Scottsdale, AZ, LRC was one of the original vendors in the default space. LRC won its first top-ten servicing contract in 2008, also won a GSE contract in 2008, and has since expanded to provide services for several of the Big Four banks.
As a result of this dedication, LRC has never lost a champion/challenger. LRC's focus on the customer means that as a company LRC must devote itself to innovation, execution, and reporting:
LRC provides its clients an expert cradle-to-grave solution for resolving delinquencies. Clients trust LRC's effective waterfall approach that starts with customer contact and home retention, flows into short sale and DIL, and then foreclosure and REO asset management when necessary. Throughout this lifecycle, clients can have LRC preserve, rehab, and even rent the property using one of LRC's Family of Companies shown below.
Top-five servicers and GSE's trust LRC with their:
LRC services act as an extension of the servicer's team to improve the customer experience, speed time to resolution for the servicer, and increase an investor's net proceeds.
LRC's clients say that LRC does two things better than any other vendor: Perform and Report. Other LRC competitive advantages include:
LRC's dedication to its clients' success shows why it has had numerous champion/challengers and never lost.Want more information?
Servicers and investors, if you are interested in LRC's services please contact: