updated 2/21/2011 12:16:51 PM ET 2011-02-21T17:16:51

CARROLLTON, Texas, Feb. 21, 2011 (GLOBE NEWSWIRE) -- Keith D. Murray, CEO of Vendor Resource Management, a national asset management firm and PCV Murcor Real Estate Services will be the luncheon speaker on Friday, March 4, 2011 at the Multicultural Real Estate and Policy Conference at the Ritz-Carlton in Washington, D.C. Mr. Murray will speak to the group on why a multicultural approach is the best solution to the national housing foreclosure crisis. 

Mr. Murray will address members of AREAA, NAHREP and NAREB, the nations largest minority real estate trade associations that are joining together for the conference. The associations represent 70,000 minority real estate practitioners. VRM is the presenting sponsor for the Multicultural Trade Conference luncheon.

 "Both PCV Murcor and VRM were built on a local, multicultural business model," says Keith D. Murray, founder of both companies. "We strive to hire PCV appraisers and VRM brokers who live in the communities they serve. This has been the backbone of our success in the national REO industry. In the long run this helps both companies to maximize their efforts in stabilizing neighborhoods they service, while providing corporate sellers the highest return on their REO inventory."

VRM manages over 100,000 properties annually for corporate sellers across the United States. VRM was formed almost 6 years ago as a unit of PCV Murcor Real Estate Services, which is celebrating its 30th anniversary this year. PCV started as a real estate appraisal company serving southern California, but has developed into a national industry leader that also provides real estate analysis, consultation and valuation. When PCV anticipated the looming housing crisis, it created VRM to help corporate sellers manage their growing inventory of foreclosed properties.  

About Vendor Resource Management: Vendor Resource Management (VRM) is a nationwide REO Asset Disposition company specializing in reducing marketing time while maximizing loan recovery. VRM maintains a staff of over 300 trained/licensed professionals with offices in Texas and California and has been in business since 2006. Keith D. Murray is the CEO, president and founder of both VRM and its parent company PCV Murcor. 

Vendor Resource Management's logo is available at: http://www.globenewswire.com/newsroom/prs/?pkgid=8787 .

CONTACT: Althea Satterfield White
         Direct: 972-232-6355
         Mobile: 972-408-7055
         asatterfieldwhite@vrmco.com

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