National appraisal and real estate owned (REO) management company LRES recently highlighted the performance of top appraisers and agents who list bank-owned homes at its annual vendor awards.

Part of LRES’ Vendor Loyalty Program, the awards are based on a comprehensive view of the REO agents’ and appraisers’ performances.

“LRES values the outstanding performance of these very effective REO agents and appraisers, and we recognize their commitment to helping us produce the best results for our customers,” said Roger Beane, the firm’s founder and CEO.

For REO agents, LRES evaluated the agent’s records associated with occupancy status, the number of evictions, listings, closings, broker price opinion (BPO) turnaround times, the ratio of sales price to BPO and the number of days on the market.

Baltimore agent Bob Steele won the REO agent award for the second consecutive year and was joined by top-performing agents Andrew Lee of Citrus Heights, California; Luis Danilo Aleman of Hialeah, Florida; and Ozzy Morena of Miami.

LRES’ top appraisers were selected by evaluating acceptance rates, revision rate and turnaround time compliance. For these appraisers, additional qualifications, such as whether the appraisals were market value supported, compared to recent and proximate evaluations, met Uniform Standards of Professional Appraisal Practice (USPAP) compliance and maintained a general sense of vendor professionalism also factored into the selection process.

Top appraisers recognized this year were Nelson Roque of Orlando; Fred Wheatley of Taneytown, Maryland, Adriano Rodrigues of Matawan, New Jersey; and Daniel Finley of Chicago. All four appraisers received the award for the third consecutive year.

LRES offers property valuations, asset management and technology solutions for mortgage bankers, lenders, servicers, credit unions and private investors.

Email Amy Swinderman.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription