Appraisal management company and property asset manager LRES restructured its REO department by assigning separate teams of employees to distinct tasks across the property disposition lifecycle.

The new assembly-line style approach replaces the Orange, Calif.-based firm's practice of assigning a single asset manager to oversee each step of a property's disposition. Now, LRES's REO department is divided into teams that handle various tasks including premarketing coordinator, marketing coordinator, listing coordinator and closing coordinator.

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