LAMCO Bolsters Disaster Recovery Plan for REO Properties

- Provides full default asset management of properties during natural disasters and accidents -

Lenders Asset Management Corporation (LAMCO), a full-service, nationwide REO management company, announced the enhancements to its Disaster Recovery Plan, a detailed listing of LAMCO’s procedures for responding to emergency situations that could potentially threaten the service level agreements and commitments they have with their clientele.

    The LAMCO Disaster Recovery Plan was designed to facilitate timely recovery of business functions, minimize loss for its clients and maintain public image and reputation for owners of REO properties. 

    LAMCO’s multi-pronged plan takes into account recovery teams; human resource assistance; administrative support such as food, travel and lodging for recovery staff; finance issues such as ordering of equipment or supplies; recovery communications; plan activation with the establishment of remote command centers; a site recovery plan and a business application recovery plan, including comprehensive checklists of duties for each recovery team member.

     “By developing a comprehensive disaster recovery plan, LAMCO ensures that the organization is fully prepared and equipped to deal with any type of disaster, be it a fire, natural disaster or any other situation that may be unexpected, “ said Brandon J. Hawkes, CEO of LAMCO. “We take the necessary precautions to give our clients and their customers peace of mind that they are constantly protected at any state in time.”