Financial Technology

Financial Technology

February 28, 2013

LRES Introduces New Version of Auto Assignment Technology for Financial Industry

The land of global finance is changing due to the convergence of computers, telecommunications and other advancement in technologies. Today’s financial institutions and government banks are finding it tough to manage the pace of technological and market changes. But these commercial and residential financial companies are adopting assignment technology to improve customer service and lowers costs.

 LRES has launched an updated version of its auto assignment technology to further streamline and accelerate the placement, tracking and completion of appraisal and BPO order requests for qualified service providers.

LRES is a provider of commercial and residential valuations and asset management for the mortgage, banking, credit union and real estate industries.

LRES' auto assignment technology simplifies the selection process and ensures that the most appropriate appraiser or real estate agent receives the assignment. This new technology is beneficial for both the company as well as the real estate agent. In this system, appraisers and real estate agents receive assignments as soon as a customer orders a valuation request and only receives preferred types of orders instead of having to review and reject orders manually.

This system automatically matches the assignment to the proximity of the subject property.

"The new capabilities of our auto assignment technology improves customer service, lowers costs by limiting human errors, reduces errors communicating special instructions and assigns orders to only the most qualified appraiser or real estate agent," said in a statement, Roger Beane, CEO of LRES. "The system streamlines a labor-intensive process, while creating the capacity for LRES to closely work with and train our partners to improve the overall valuation process."

Edited by Brooke Neuman

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