LAMCO Celebrates 20th Anniversary

Two Decades of Managing REO Process Illustrates Company`s Experience, Stability
and Long-Term Commitment to Mortgage Industry
LITTLETON, Colo.--(Business Wire)--
Lenders Asset Management Corporation(LAMCO), a full-service, nationwide default
management company that offers comprehensive REO management services, announced
it is celebrating 20 years of operation serving the mortgage industry.

Since 1989, LAMCO has delivered customizable REO solutions that enable lending
institutions, servicers, investment firms and insurance entities the ability to
cost-effectively scale operations and liquidate REO assets with mitigated risk.
Up to present 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, compared to the industry standard, which is
significantly greater. Also, LAMCO has 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, LAMCO took a visionary approach to using the Internet as a business
tool. While most companies at the time used Web sites 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 this system.

"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," said Brandon J. Hawkes, CEO of LAMCO. "We facilitate the
preservation and revitalization of communities by providing customizable
solutions to the REO industry."

About LAMCO

Founded in 1989, LAMCO delivers customizable REO solutions that enable lending
institutions, servicers, investment firms and insurance entities the ability to
efficiently scale operations and liquidate REO assets with mitigated risk. The
full-service, nationwide company monitors and manages the entire REO default
process, from initial legal action through the sale of the property. For more
information on the privately held company, visit www.lendersreo.com.

For Geezeo
Sarah Wroble, 678-781-7236

Copyright Business Wire 2009