Lenders Asset Management Corporation (LAMCO), a nationwide REO and default management company headquartered in Littleton, Colorado, announced its 20th anniversary Thursday.

Since 1989, LAMCO has delivered customizable REO solutions that the company says enable lending institutions, servicers, investment firms, and insurance entities to cost-effectively scale operations and liquidate REO assets with mitigated risk. To date, LAMCO has liquidated more than $5 billion in residential assets for some of the largest financial institutions in the nation.

In the last two decades, LAMCO has created a steady track record of successful disposition management operations, averaging a 45-day turn-time on REO properties it liquidates. The company says it has also consistently averaged 90 percent of BPO value per property sale.

Within the first three years of operation, LAMCO signed one of the top five lenders in the United States, and for 17 years this active national client has continued to utilize LAMCO as a critical outsourced business partner for their REO disposition.

In 1999, while most companies were using the Internet simply as a marketing and promotions tool, LAMCO developed its site as a workflow management portal, enabling clients to order and monitor traditional REO services such as property inspections, relocation assistance, preservation, marketing, and liquidation online in real-time. To date, tens of thousands of properties have been liquidated through LAMCO’s system.

Brandon J. Hawkes, CEO of LAMCO, said, “LAMCO has grown steadily and cautiously since its inception, devoting our efforts to reducing costs, mitigating risk, and improving liquidation efficiency to accelerate recovery for the local community, as well as the institution and its shareholders. We facilitate the preservation and revitalization of communities by providing customizable solutions to the REO industry.”