Orange, Calif.,-based LRES named Richard Cimino as senior vice president and executive advisor.

In his new role, he is responsible for enhancing business development and leading several key strategic initiatives.

Cimino brings almost 40 years of experience in the consumer finance, real estate and mortgage banking industries, including holding management positions at Greenlight Financial, New Century Mortgage and Ford Consumer Finance.

“Richard’s knowledge of the industry and management expertise will certainly prove beneficial as our company continues to grow,” said Roger Beane, LRES founder and CEO.

“His business acumen and leadership experience will bring great value to the way LRES serves its valued customers,” he added.