Companies team up to offer small lenders REO asset management

Carrington Property Services has joined forces with financial services company LendingXpress to offer small lenders Carringtons asset management services to handle their inventory of bank-owned homes. San Antonio, Texas-based LendingXpress, a Southwest Business Corp. (SWBC) company, will market the services to the credit unions and community banks in its customer base, offering them a new approach to managing REO (real estate-owned) inventories based on best practices of major lenders, the companies said in an announcement. http://feedproxy.google.com/~r/reindustrynews/~3/rPZhVLdVPQs/ @ uwad.com