LRES
LRES (operating as Ascribe), a division of Trident Services, LLC, is a nationwide U.S. real estate valuation and REO/asset management provider serving mortgage originators, servicers, and default market participants across all 50 states and territories.
- Company typePrivate
- Founded2001
- HeadquartersOrange, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What LRES does
LRES, now operating as Ascribe (a division of Trident Services, LLC), is a nationwide real estate valuation and asset management services provider founded in 2001 and headquartered in Orange, California. The company serves the U.S. mortgage origination, servicing, default, and reverse mortgage markets with a portfolio that includes residential and commercial appraisals, evaluations, broker price opinions, property inspections, automated valuation models (AVMs), and REO/asset management and listing services. Through its 2021-acquired subsidiary Keystone Asset Management (which had managed $130B in real estate), the firm extends its footprint into default property disposition and asset preservation.
The technology stack centers on two dedicated web portals — client-genesis.lres.com for institutional order placement and vendor-genesis.lres.com for the appraiser network — that orchestrate order routing, status tracking, and delivery across a national panel of valuation professionals. Service coverage spans all 50 states plus Hawaii, Alaska, Puerto Rico, and the U.S. Virgin Islands, and the firm operates under multi-state Appraisal Management Company (AMC) licensing disclosed on its website. Historical scale signals include 2.0 million properties valued over the past decade, 11,700 properties sold over the past five years, and $8.5 billion in cumulative REO disposition volume.
Revenue is generated on a transaction-fee basis: enterprise mortgage lenders, servicers, and default market participants place orders through the client portal and are billed per completed appraisal, evaluation, inspection, AVM, or REO/asset management engagement. Pricing is quote-based and not publicly disclosed; delivery is direct via an enterprise sales motion with a pay-as-you-go billing cadence. No external funding, equity rounds, or partnership channels beyond the disclosed acquisitions are evident, and the firm has not disclosed named customer logos, regulatory actions, patents, or AI/ML research assets in the available data.
LRES firmographics
Firmographics- Name
- LRES
- Legal name
- Ascribe, LLC
- Website
- https://LRES.com
- Company type
- Private
- Founded year
- 2001
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- LRES (operating as Ascribe), a division of Trident Services, LLC, is a nationwide U.S. real estate valuation and REO/asset management provider serving mortgage originators, servicers, and default market participants across all 50 states and territories.
- Ownership category
- akta.pro rank
LRES industry classification
Industry- Product category
- Real Estate Valuation & Mortgage Services
- NAICS
- Offices of Real Estate Appraisers (531320)
- SIC
- Mortgage Bankers & Loan Correspondents (6162)
- akta.pro primary industry
- Real Estate Valuation & Appraisal (BPAHANAC)
- akta.pro secondary industry
- Automated Valuation Models (AVM) & Property Data/Analytics (FSALALAJ)
Keywords
Where LRES is headquartered
LocationHeadquarters
- HQ city
- Orange
- HQ country
- United States
- HQ region
- North America
Markets served
LRES business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Real Estate Valuation Services: Revenue generated from providing property appraisals, evaluations, and valuations for residential and commercial properties in the mortgage origination, servicing, and default markets
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Enterprise/B2B Services |
Distribution channels3 records
Marketing channels3 records
LRES product offering
Product offeringCore offering
LRES (operating as Ascribe) provides nationwide residential and commercial property valuation services — including appraisals, evaluations, broker price opinions, property inspections, and automated valuation models (AVMs) — along with REO/asset management and REO listings for mortgage originators, servicers, and default market participants. Service delivery is coordinated through proprietary client and vendor portals and a national field vendor network covering the full mortgage lifecycle from origination through default.
Product overview
Ascribe (formerly LRES) is a nationwide real estate and mortgage services provider offering a unified platform of valuation and asset management solutions. The portfolio includes core service lines: Residential Appraisals and Commercial Appraisals (including Evaluations and Property Inspections), supplemented by Automated Valuation Models (AVMs) for automated estimates. The REO/Asset Management suite provides REO Listings alongside asset management services. All offerings serve the mortgage origination, servicing, and default markets across residential, commercial, forward mortgage, and reverse mortgage segments.
Differentiator
Problem solved
Functional benefit
Products and services
- Residential Appraisals Independent residential property appraisal reports ordered by mortgage lenders and servicers to support loan origination, portfolio monitoring, and default decisions across the U.S.
- Commercial Appraisals Commercial property appraisal reports delivered to lenders and investors for commercial mortgage origination, underwriting, and portfolio review.
- Residential Evaluations Residential property evaluations used by lenders as a lower-cost alternative to full appraisals for eligible transactions and portfolio monitoring.
- Commercial Evaluations Commercial property evaluations supporting lender and investor decisioning where a full appraisal is not required.
- Broker Price Opinions Broker price opinion reports used by servicers and default market participants to inform listing and disposition decisions on distressed or REO properties.
- Property Inspections Property inspection services used by mortgage servicers to monitor collateral condition and occupancy across performing and non-performing loan portfolios.
- Automated Valuation Models (AVMs) Automated valuation model outputs used as a faster, technology-driven alternative to traditional appraisals for eligible low-risk transactions and portfolio reviews.
- REO Asset Management End-to-end REO asset management services for servicers and default market participants managing foreclosed residential and commercial properties.
- REO Listings REO listing services supporting the marketing and sale of foreclosed properties on behalf of servicers, investors, and default market clients.
Quantifiable outcome
- $8.5B total value of properties sold
- +2 more outcomes
Companies that use LRES
Customer profileSegments4 records
Ideal customer profiles4 records
LRES technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
LRES partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Keystone Asset ManagementcoreLRES Corporation acquired Keystone Asset Management, a Pennsylvania-based real estate services firm based in Philadelphia. Keystone had managed $130 billion in real estate and offered property valuation and REO asset management services. The acquisition aimed to enhance LRES's capabilities in the REO and valuation market, strengthening service offerings and technological capabilities.
Scale indicators4 records
Recent moves5 records
Expansion highlights4 records
LRES competitors and assessment
Company assessmentBroad incumbents
- Stewart Lender Services: Stewart Lender Services delivers real estate and mortgage services including appraisal management, REO, default management, and title for lenders and servicers. Significant overlap with Ascribe across the servicer-focused service portfolio.
- CoreLogic (ICE Mortgage Solutions): CoreLogic, now part of Intercontinental Exchange, is a major provider of property data, analytics, and AVMs to the U.S. mortgage industry. It competes with Ascribe at the data and analytics layer beneath the appraisal process.
- PCV Murcor (a Verisk business): PCV Murcor is a Verisk-owned national residential and commercial appraisal management company. Direct AMC competitor serving mortgage lenders and servicers across the U.S.
- SitusAMC: SitusAMC is a broad mortgage and real estate technology and services provider offering appraisal management, loan servicing technology, and asset management. It is a much larger incumbent but overlaps directly with Ascribe's appraisal and REO service lines.
Direct peers
- Class Valuation: Class Valuation is one of the largest U.S. residential appraisal management companies with nationwide coverage and lender-focused AMC services. Like Ascribe, it competes for the same bank, credit union, and servicer valuation RFPs.
- Solidifi: Solidifi is a North American AMC offering residential and commercial valuation services and technology platforms to lenders and servicers. Overlaps with Ascribe on appraisal panel management and B2B workflow technology.
- Aldridge Connors (AMC): Aldridge Connors is a national appraisal management company providing residential and commercial valuation services and default/REO support to lenders and servicers — directly comparable in scale and product mix.
- Veros Real Estate Solutions: Veros provides valuation technology and automated valuation models (AVM) and appraisal management services to mortgage lenders and servicers, including GSA valuation support. Direct overlap in residential/commercial AVMs and AMC services.
- Clarocity (now part of ICE): Clarocity operated as a technology-driven appraisal management company before becoming part of ICE. It competed with Ascribe in lender-side appraisal workflows and AVM-enabled valuation.
Emerging players
- HouseCanary: HouseCanary provides AI-driven real estate valuations and AVMs used by lenders, investors, and fintechs. It competes with Ascribe's AVM product line and is increasingly encroaching on traditional appraisal mandates via tech-driven workflows.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
LRES social profiles
Digital presenceLRES financial estimates
Financial estimateRevenue estimate
Valuation estimate
LRES leadership team
Management profileNumber of profiles
Profiles4 records
LRES subsidiaries and ownership
Company hierarchySubsidiaries1 record
LRES funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
LRES M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about LRES
What does LRES do?
LRES (operating as Ascribe) provides nationwide residential and commercial property valuation services — including appraisals, evaluations, broker price opinions, property inspections, and automated valuation models (AVMs) — along with REO/asset management and REO listings for mortgage originators, servicers, and default market participants. Service delivery is coordinated through proprietary client and vendor portals and a national field vendor network covering the full mortgage lifecycle from origination through default.
Is LRES a public or private company?
LRES is a private company. It is classified as corporate owned and is currently operating.
When was LRES founded?
LRES was founded in 2001. It employs 101 to 250 people.
Where is LRES based?
LRES is headquartered in Orange, United States, in the North America region.
How does LRES make money?
One revenue line is on record: real Estate Valuation Services.
Who are LRES's main competitors?
Broad incumbents on record are Stewart Lender Services, CoreLogic (ICE Mortgage Solutions), PCV Murcor (a Verisk business) and SitusAMC. Direct peers are Class Valuation, Solidifi, Aldridge Connors (AMC), Veros Real Estate Solutions and Clarocity (now part of ICE). HouseCanary is listed as an emerging player.
Does LRES have an API?
No public API is recorded for LRES.
What industry is LRES in?
LRES's product category is Real Estate Valuation & Mortgage Services. Its primary akta.pro industry code is BPAHANAC, Real Estate Valuation & Appraisal, with a secondary code of FSALALAJ, Automated Valuation Models (AVM) & Property Data/Analytics. Its NAICS code is 531320 and its SIC code is 6162.