In The News


8/27/2013
Loan Resolution Corporation Named to Inc. List for Second Consecutive Year
Loan Resolution Corporation (LRC) has been named to Inc. Magazine’s 2013 list of the nation’s fastest-growing private companies for the second year in a row. The Scottsdale-based company’s four-year growth rate of 5,222 percent makes it one of fastest-growing companies in the United States with annual revenues surpassing $21 million.


8/27/2013
Arizona’s entrepreneurial standouts
From 501-1,000: Integrity Engineering & Design Solutions, Digital Video Networks, Loan Resolution, Blue Global, Desert Care Landscape Resources, 360 Cloud Solutions, Mission3, Bell Sports Marketing, Clear Title Agency of AZ.


8/27/2013
Loan Resolution
Specializes in the purchase of distressed mortgages and real property, resolving delinquent mortgages, auctioning short sales and REOs, selling bank-owned homes, and providing property management services.


7/5/2013
Who's Who in Business: Fastest-growing, ranked by three-year percentage growth
View information on Arizona's top 10 fastest-growing businesses, including the highest-ranking executive and highest-ranking woman:
Company: Loan Resolution Corporation ("LRC")
Address: 7047 E. Greenway Parkway, Suite 400, Scottsdale, 85254


5/7/2013
LRC Asset Management launches program to improve REO timelines, reduce fraud
Property management firm LRC Asset Management, which is majority-owned by Loan Resolution Corp., rolled out a program to catch fraudulent activities that surface on the default servicing side of the business while speeding up REO timelines to less than 180 days, the company said.


3/21/2013
Loan Resolution Corporation Names Corey Landon New Operations Director
Loan Resolution Corporation (LRC) announced that Corey Landon has been promoted to operations director. Previously, Landon had been a manager for the Scottsdale-based company. A three-year growth rate of 2,540 percent placed LRC at #126 on Inc. Magazine’s prestigious INC 500 list for fastest-growing companies. "We are committed to developing a team of All-Stars," said Travis Hamel Olsen, co-president of Loan Resolution Corporation. "Corey has been an integral part of our organization for several years."


3/21/2013
Loan Resolution Corporation Names Corey Landon New Operations Director
Loan Resolution Corporation (LRC) announced that Corey Landon has been promoted to operations director. Previously, Landon had been a manager for the Scottsdale-based company. A three-year growth rate of 2,540 percent placed LRC at #126 on Inc. Magazine’s prestigious INC 500 list for fastest-growing companies. "We are committed to developing a team of All-Stars," said Travis Hamel Olsen, co-president of Loan Resolution Corporation. "Corey has been an integral part of our organization for several years."


1/29/2013
LRC Announces More than 100 Job Openings
Loan Resolution Corporation (LRC) is off to a busy first quarter this year as the company seeks to hire more than 100 new employees.


1/25/2013
Loan Resolution Corporation to Add 100 New Employees in Q1
Loan Resolution Corporation has announced that the company is adding more than 100 positions during the first quarter of 2013. The 100 full-time positions are necessary to meet the demand for new initiatives. In October, the Scottsdale-based company was recognized by Inc. Magazine as one of the fastest-growing companies in the United States. LRC’s three-year 2,540 percent growth earned it the #126 ranking in the nation. Nine Arizona companies made the INC 500 list in 2011.


1/24/2013
Loan Resolution Corp. to hire 100 in Scottsdale
Scottsdale-based Loan Resolution Corp. plans to add 100 full-time employees during the first quarter to meet surging demand. New positions are available in sales, management and quality assurance. LRC plans to conclude hiring by the end of February.


1/20/2013
Las Vegas Valley's 'shadow inventory' in housing smaller than forecast
The new phenomenon in Las Vegas is the vanishing "shadow inventory" of foreclosed homes being held by the banks, a private-home investor believes. Despite estimates of 50,000 to 100,000 foreclosures yet to hit the market, the inventory of real estate-owned homes available for sale dropped to 401 in December, a report from Ticor Title of Nevada shows.


1/1/2013
2013 Economic Forecast
The long, slow economic recovery is likely to persist into 2013, with economists across the country in near lock-step in predicting GDP growth to finish off 2012 at near 2 percent and hover around 2.5 percent next year. But uncertainties on multiple fronts continue to feed corporate and investor caution.


12/28/2012
Short Sales, Loan Mods Could Go Over Cliff
WE’RE HEARING it will be a big mistake if Congress fails to extend a tax provision that provides the grease for short sales and principal reductions on underwater loans.


11/2/2012
Fannie, Freddie rules hasten short sales
It will be easier to sell homes in short sales under new guidelines now in effect. In a short sale, a home is sold for less than the mortgage amount owed, with the lender's permission. Short sales have been notoriously slow and complex. The new rules are designed to simplify the process and speed up short sales for loans owned or guaranteed by Fannie Mae and Freddie Mac.


09/13/2012
Loan Resolution Corporation Names Director of Customer Engagement
“We are dedicated to bringing the best talent into our company,” said Travis Hamel Olsen, co-president of Loan Resolution Corporation.


09/13/2012
Daniel Cullum Joins Loan Resolution Corporation as Director of Customer Engagement
“We are dedicated to bringing the best talent into our company,” said Travis Hamel Olsen, co-president of Loan Resolution Corporation.


09/11/2012
9 Ariz. businesses make Inc. magazine's fast-growing companies list
Scottsdale-based Loan Resolution Corp., which buys and sells distressed mortgages and properties, was next at No. 126, with a three-year growth rate of 2,540 percent.


08/30/2012
Several Real Estate Firms Top ‘Fastest Growing’ List
“The Inc. 500 consists of these just-short-of-miraculous companies, the ones that through ingenuity and ambition have increased revenue, hired employees, and grown fast in difficult economic times.”


08/29/2012
69 real estate companies make Inc.'s 'fastest-growing' list
Scottsdale, Ariz.-based Loan Resolution, which provides home retention, short sale and REO asset management, and property management services, ranked fifth among companies in the real estate category.


08/21/2012
LRC's Growth During Downturn Gives It Spot on Inc.'s 500 List
“Our talented, driven team members are the reason that we are experiencing such explosive growth,” said Travis Hamel Olsen, co-president of Loan Resolution Corporation.


07/2/2012
The Ritz-Carlton Customer Experience
We’re excited about where we’re going—and we are helping our customers enjoy a Ritz-Carlton experience.


07/2/2012
The Ritz-Carlton Customer Experience
We’re excited about where we’re going—and we are helping our customers enjoy a Ritz-Carlton experience.


06/5/2012
Recoveries on Short Sales Can Be Hefty
Residential servicers are making a huge push to reduce REO sales and increase short sales, which is helping to stabilize home prices. But the real driver is the higher recoveries from short sales.


05/29/2012
Treasury Change on Second Lien Release Could Boost Short Sales
“I can see numbers doubling from 40,000 to 80,000 in closed short sales in a year,” Olsen said.


05/17/2012
Jamie Reed Joins Loan Resolution Corporation as EVP
“We are dedicated to bringing the best talent into our company,” said Travis Hamel Olsen, co-president of Loan Resolution Corporation.


05/07/2012
Vendor Strives for Innovative Strategies
“There is going to be a greater need for special servicing over the next five years,” says Travis Olsen, COO of Loan Resolution Corp., an Arizona-based provider of deeds-in-lieu and short sale outsourcing for small to midsize servicers.


03/15/2012
Federal plan to make short sales shorter
Fannie and Freddie's overseer has plans to streamline the process


02/20/2012
LRC Acquires KeyLink Asset Management
As of March 1, 2012, KeyLink will be known as LRC Asset Management.


02/20/2012
Loan Resolution Corporation Announces Acquisition of KeyLink Asset Management
LRC Asset Management, a majority-owned company of Loan Resolution Corporation, has announced the acquisition of KeyLink Asset Management.


02/20/2012
LRC Asset Management Acquires KeyLink
"We have always said that we wouldn't get into any line of business unless we felt we could do it better than the next company, and KeyLink was doing it better than the next company," says Travis Hamel Olsen, chief operating officer of Loan Resolution Corp.


02/07/2011
Struggling HAFA Gets A Revamp
Since launching its short sale effort last April, the Treasury Department program has not exactly gotten off to a galloping start.


01/31/2011
Treasury's HAFA Revamp Effective Feb. 1
The Treasury Department has revamped its short sale program by easing income restrictions and documentation requirements for homeowners facing foreclosure.


09/09/2010
Borrowers Losing Their Homes Are Staying in Them Longer
Many defaulted borrowers are not embracing short sales as the much-vaunted "graceful exit" from the home that government and industry officials hoped for...


06/26/2010
Foreclosure alternative gaining favor
Short sales have been the hot solution for financially stressed homeowners and their lenders for the past year, but here's another potent foreclosure alternative that's about to take center stage: deeds in lieu.


06/26/2010
Housing: Troubled borrowers taking advantage of deeds-in-lieu
Short sales have been the hot solution for financially stressed homeowners and their lenders for the past year, but here's another potent foreclosure alternative that's about to take center stage: Deeds-in-lieu.


06/25/2010
Giving home to lender is a foreclosure alternative gaining favor
Short sales have been the hot solution for financially stressed homeowners and their lenders for the past year, but here's another potent foreclosure alternative that's about to take center stage: Deeds-in-lieu.


06/09/2010
Loan Resolution Corporation Receives 10,000 HAFA Requests
Since the government’s Home Affordable Foreclosure Alternatives (HAFA) program was implemented just over two months ago, Loan Resolution Corporation, a pre-foreclosure asset management firm based out of Scottsdale, Arizona, says it has been assigned more than 10,000 HAFA requests.


06/09/2010
Loan Resolution Corporation processes 10,000-plus HAFA requests
Loan Resolution Corporation has announced that the number of Home Affordable Foreclosure Alternatives (HAFA) requests assigned to it has exceeded 10,000 since April 5, the first day that the new HAFA program was implemented. Loan Resolution executives attribute the exponential growth to its quality over quantity approach to assisting homeowners avoid foreclosure. This volume is expected to double, as the U.S. Department of the Treasury recently issued new guidelines to include Fannie Mae and Freddie Mac in the HAFA program. Approximately 55 percent of the mortgages in the United States are owned by Fannie Mae and Freddie Mac, so the volume of homeowners seeking HAFA guidance will rise tremendously.


06/09/2010
Vendor Expects HAFA Requests To Double Following GSE Announcement
Loan Resolution Corp. says the number of Home Affordable Foreclosure Alternatives (HAFA)-related requests assigned to it has exceeded 10,000 since April 5, the first day that the new short-sale and deed-in-lieu program was implemented.


04/07/2010
Early Reaction to HAFA Program
The administration's Home Affordable Foreclosure Alternatives (HAFA) program hasn't even been in effect for a full week, and positive feedback is already coming in.


04/06/2010
HAFA Spurs Interest, Automated Compliance Solutions
The mortgage industry is readily welcoming the implementation of the Home Affordable Foreclosure Alternatives program.


04/06/2010
Treasury Adds Fuel to Short Sales Fire
Short sales are really taking off and the Treasury Department is about to add rocket fuel to this foreclosure alternative.


03/20/2010
Home-loan firm to fill 100 jobs
A northeast Phoenix company that specializes in helping banks with short sales wants to hire 100 employees by the end of the month.


03/19/2010
Valley company ready to hire 100 at Saturday job fair
One Valley company is getting ready to hire 100 new employees during a job fair this weekend.


03/17/2010
Limitations of Treasury Short Sale Plan
As an alternative to foreclosure, the government's forthcoming program to spur short sales may prove just as ineffectual as the push to modify loans.


03/17/2010
Loan Resolution Corp. Adding 100 Employees to Meet HAFA Demand
Loan Resolution Corporation announced Tuesday that the company is adding 100 positions this month to meet the marketplace's growing demand for short sales – demand that is expected to intensify even furtherwhen the government's Home Affordable Foreclosure Alternatives (HAFA) program takes effect in April and short sales become a mandate in servicers' waterfall of loss mitigation options.


03/17/2010
Short-Sale Provider Ramps Up Staffing
Scottsdale, Ariz.-based Loan Resolution Corp., a provider of short-sale services, plans to add 100 positions this month to meet demand for the government's new Home Affordable Foreclosure Alternatives program.


03/16/2010
Loan Resolution Corporation adds 100 employees to meet rise in short sales
Loan Resolution Corporation has announced that it is adding 100 positions in March to meet demand for the government's new Home Affordable Foreclosure Alternatives (HAFA) program. The 100 full-time positions are necessary to meet the company's growth as demand for short sales and deed-in-lieus skyrockets. The Scottsdale-based company moved into a 30,000-sq.-ft. office in North Scottsdale in September 2009.


03/16/2010
Real estate pros looking for work, ready to move?
Loan Resolution Corporation is adding 100 positions in Scottsdale, Arizona, to meet demand for the government's new Home Affordable Foreclosure Alternatives or HAFA program.


03/16/2010
Real estate pros looking for work, ready to move?
Loan Resolution Corporation is adding 100 positions in Scottsdale, Arizona, to meet demand for the government's new Home Affordable Foreclosure Alternatives or HAFA program.


03/16/2010
Loan Resolution Corp. to hire 100
Loan Resolution Corp., a Scottsdale company that specializes in short sales, is planning to hire 100 people.


03/15/2010
Home loan company to fill 100 jobs at Kierland office
A northeast Phoenix company that specializes in helping banks with short sales wants to hire 100 employees by the end of the month. Loan Resolution Corp. recently landed contracts with two nationally known banks seeking to minimize short sales by their homeowner customers, said Travis Hamel Olsen, chief operating officer.


03/04/2010
Loan Resolution Sets Sights On Pre-Approved Short Sales
Scottsdale, Ariz.-based Loan Resolution Corp. says it is implementing a pre-approved short-sale program to help servicers tackle the much-publicized shadow inventory.


03/03/2010
Company Targets Shadow Inventory with 48-Hour Short Sales
Loan Resolution Corporation said Wednesday that it is implementing a pre-approved short sale program to help the 8 million homeowners who are currently delinquenton their mortgages. The company says its streamlined process can turn a short sale decision within 48 hours.


02/03/2010
Short Sales Bloom
As a foreclosure alternative, short sales are catching on as lenders and servicers deal with a huge inventory of defaulted mortgages that will continue to grow over the short term.


01/29/2010
Short Sale Company Completes SAS 70 Type II Certification
Loan Resolution Corporation (LRC), a pre-foreclosure asset manager based in Scottsdale, Arizona, recently announced that it has successfully completed its Statement on Auditing Standards No. 70 (SAS 70) Type II certification, the widely recognized auditing standard developed by the American Institute of Certified Public Accountants.


01/29/2010
Short-Sale Service Provider Completes SAS 70 Type II
Loan Resolution Corp., a provider of default services with a core competency in short sales, says it has successfully completed its SAS 70 Type II certification audit.


01/28/2010
Loan Resolution Corporation completes SAS 70 Type II Certification
Loan Resolution Corporation (LRC) announced that it has successfully completed its SAS 70 Type II certification audit. The new certification comes as LRC continues to take on top-five servicers as short sale clients, and it ensures total security for all client information. Loan Resolution Corporation became fully compliant in 2009 and the company completed the in-depth audit for the SAS 70 Type II in December. The SAS 70—Statement on Auditing Standards No. 70—Type II is the widely recognized auditing standard developed by the American Institute of Certified Public Accountants.


01/19/2010
Trashing Tradition With Travis Hamel Olsen
PERSON OF THE WEEK: "Take the traditional short-sale model and throw it out." That's the advice that Travis Hamel Olsen, Loan Resolution Corp.'s chief operating officer, tells servicers. This week, Olsen spoke to MortgageOrb about not just rethinking short sales, but also ways to improve the federal foreclosure-alternatives program recently operationalized by the Treasury.


01/13/2010
10-day limit on short sales may spur housing market
Homeowners stuck while banks mull whether to approve short sales could benefit from new federal guidelines that give lenders a 10-day limit to respond to offers.


01/11/2010
Short sale rules could speed lender decisions
Homeowners stuck while banks mull whether or not to approve short sales could benefit from new federal guidelines that give lenders a 10-day limit to respond to offers.


01/08/2010
Loan Resolution Corporation to offer free HAFA seminars
Loan Resolution Corporation has announced the availability of complimentary seminars to explain the new Home Affordable Foreclosure Alternatives (HAFA). HAFA provides financial incentives to servicers and borrowers who utilize a short sale or deed-in-lieu to avoid foreclosure. Loan Resolution Corporation's executive team has prepared the two-hour interactive seminar, titled "How Servicers Can Generate Substantial Revenue and Keep Costs Low," to break down the 43-page document for servicers.


12/12/2009
Standardized short-sale plan may relieve big headache
If you're in trouble on your mortgage and can't get a loan modification, check out the Obama administration's new standardized short-sale plan scheduled to roll out during the coming months. The program, outlined Dec. 1 by the Treasury Department, is an attempt to streamline what has been a contentious, time-consuming process by requiring lenders and others to use nationally uniform documents, timelines and financial incentives.


12/12/2009
In trouble and thinking about a short sale? Help is on the way.
If you're in trouble on your mortgage and can't get a loan modification, check out the Obama administration's new standardized short-sale plan that's scheduled to roll out during the next several months.


12/11/2009
Short Sales, a Long Process
SHORT sales — in which mortgage lenders agree to accept less than what is owed, allowing borrowers to escape foreclosure — were expected to grow easier this year after the Treasury Department proposed industry guidelines to navigate these complex transactions.


12/11/2009
Short Sales May Rise Due to New Government Incentives
A government-incentivized program that acknowledges that not all homeowners are able to afford and keep their homes is intended to expedite the short sale process.


12/03/2009
Short Sale Reforms Receive Mixed Reviews
As DSNews.com reported earlier this week, the U.S. Treasury Department announced new guidelines to the short sale process on Monday in hopes of speeding up the recovery of the housing market.


12/01/2009
Short sales jump in Phoenix; lenders making faster decisions on deals
Short sales may be a new best option for Valley homeowners struggling to avoid foreclosure. Home-loan modifications, endorsed by the federal government, are most borrowers' first choice when they fall behind on their mortgage payments because of a drop in their income. But short sales are also part of the federal housing plan to slow foreclosures. Unlike their slower-than-expected actions on loan modifications, lenders are now moving quickly on many short-sale requests in the Phoenix area.


11/22/2009
Program may help some stay in homes
A federally backed program that would allow former homeowners to remain in their homes as tenants could help some struggling Valley families maintain a sense of continuity after losing their homes to foreclosure.


11/12/2009
What's a Short Sale? (And How Do I Get One?)
Travis Hamel Olsen is president of National Short Sale Center and COO of Loan Resolution Corp., both Scottsdale, AZ-based companies that specialize in short sales. They serve as an intermediary between all the parties -- realtors, sellers, buyers, banks -- during the long, hassle-filled process.


10/12/2009
HAMP Program Making Short Sales More Appealing to Lenders
FORT WORTH, TX-The ultimate goal is to help borrowers stay in their homes. That is what speakers stressed over and over at a recent default servicing conference here. But when that does not work, short sales are the only other option to pursue followed by perhaps a deed-in-lieu.


9/24/2009
Loan Resolution Corporation announces the hiring of 50 new employees
Loan Resolution Corporation has announced the addition of 50 employees as demand for short sales skyrocketed.


9/20/2009
Housing: Short sales spread across real estate market, leaving frustration in their wake
A few years ago, few people in the housing market had ever heard of a short sale. Mention the term today and people, whether they are homeowners or real estate agents, just roll their eyes.


9/11/2009
Loan Resolution Corp. Implements Short-Sale Solution
Scottsdale, Ariz.-based Loan Resolution Corp., a self-described pre-foreclosure asset manager, has successfully implemented an end-to-end short-sale solution after partnering with an undisclosed top-10 servicer.


9/10/2009
Treasury to encourage homeowner short sales
A short sale is when a bank allows a homeowner to sell his property for less than what is owed to the bank, and it should occur when the owner's income is too low to qualify for a loan modification.


9/9/2009
Treasury to Encourage Short Sales
The Treasury Department plans to announce financial incentives for servicers to pursue short sales and deeds in lieu of foreclosure for troubled homeowners who do not qualify for the Obama administration's loan-modification program.


9/9/2009
Treasury to Encourage Short Sales
The Treasury Department plans to announce financial incentives for servicers to pursue short sales and deeds in lieu of foreclosure for troubled homeowners who do not qualify for the Obama administration's loan-modification program.


9/2/2009
'Cross-Qualifying' Helps Banks Poach REO Loans
As the largest banking companies try to unload thousands of distressed properties, they are using a controversial practice that can win them new loans and has competitors crying foul. It is called "cross-qualifying," and it works like this: Say that Lender A is selling a repossessed property, or has a troubled borrower who wants to sell the home through a short sale.


4/21/2009
New Policy on Short Sales Could Reduce Foreclosures
Trying to cut its losses, Bank of America Corp. has changed its policy on short sales, making it easier for borrowers to sell their homes instead of going into foreclosure. Until a month ago, B of A and its Countrywide Financial Corp. had required that 10% of a home's sale price go toward paying off home equity lines of credit before they would agree to a short sale. But Terry Francisco, a spokesman for the Charlotte company, said Monday that it changed its policy last month, agreeing to accept 5% of the sale price when there is no equity available to holders of the first or second liens.


3/9/2009
Lenders Play Landlord via Rent-to-Own
As inventories of foreclosed homes pile up, some banks and mortgage investors are turning to a new group to help lighten their load: renters. By renting out a foreclosed home, a bank can garner some cash flow from a property and reduce the chances it will be vandalized. Further, rent-to-own agreements that give tenants the option to buy the home at a preset price offer a way to dispose of a property while bypassing the depressed market.


2/17/2009
Loan Resolution Corp. Names VP
Loan Resolution Corporation, a pre-foreclosure asset management company based in Scottsdale, Arizona, announced yesterday that Robert Jones has joined the company as VP.


2/16/2009
Loan Resolution Corporation Names Robert Jones Vice President
Scottsdale-based Loan Resolution Corporation today announced that Robert Jones has joined the nation's largest Pre-foreclosure Asset Manager as Vice President. In the new position, Jones will be responsible for increasing the overall effectiveness of Loan Resolution Corporation through process improvements and policy implementation. Jones will be responsible for all of the day-to-day operations of Loan Resolution Corporation, ranging from ensuring proper file set up and assignment to reviewing and submitting proposals. Jones is the main point of contact for Loan Resolution Corporation clients.