COVINA, Calif.--(BUSINESS WIRE)--LERETA, LLC has appointed current president, John Walsh, to the role of CEO. He assumed responsibilities earlier in September 2015 and succeeded Jim Thornton as he retires after 25 years with LERETA. Thornton is a minority shareholder of LERETA and will continue to serve as a member of the board.
“LERETA is a rare company with a 29-year history of exemplary service to the mortgage lending and servicing industry,” Thornton said. “While the leadership of the company has changed a few times during the years, LERETA’s commitment to providing extraordinary service has not waivered. John and the current leaders at LERETA exemplify this commitment, and I am excited to assume my new role supporting this outstanding team. Being part of such a fine company, both in my past roles and in the future, is extremely rewarding.”
Walsh has more than 30 years of experience in the real estate industry, including six years as president of DataQuick, a nationwide provider of real estate property information and mortgage settlement services. Prior to DataQuick Walsh has served as CEO of three technology companies and as an executive at Weyerhauser Mortgage. He has an MBA from Harvard University and a B.S. in Economics from California Lutheran.
“We have a great opportunity at LERETA,” Walsh said. “The lending industry clearly needs better alternatives for managing the complexities of tax service. LERETA is well positioned to be that alternative based on the innovation we bring to the market, our deep, bench strength of highly experienced tax professionals and our unique commitment to extraordinary service.”
For more than 29 years LERETA has provided the mortgage and insurance industries the fastest, most accurate and complete access to property tax data and flood hazard status information across the United States. Since 1986, LERETA committed to provide customers with extraordinary service and cost-effective property tax and flood solutions and continues to have this same objective today. LERETA’s services are designed to increase efficiency, reduce penalties and liabilities, and improve processes for mortgage originators and servicers. LERETA’s dedicated teams of real estate tax and flood professionals along with LERETA’s experienced management team allow LERETA to lead the industry in service and technology.