reQuire's Louie Ochave selected as 2013 Entrepreneurial Excellence Award Honoree

reQuire Release Tracking

Virginia Beach, June 20, 2013 (GLOBE NEWSWIRE) -- Headquartered in Virginia Beach, VA, reQuire, LLC, the nation's leading online release tracking and reporting company, is pleased to announce that Louie Ochave, director of finance, has been selected as one of Inside Business' 2013 Entrepreneurial Excellence Award Honorees. Louie is one of nine individuals recognized for their entrepreneurial success, the jobs they have created, and the boost they have given to the Hampton Roads economy.

reQuire Release Tracking was founded in 2002 by Daniel R. Morris, Esq. to solve the mortgage lien release issues plaguing the settlement services and title industry. With Louie's guidance, reQuire was able to thrive during the housing market crash and economic recession. Recognized for its growth, reQuire currently has 87 employees and has seen revenue grow 36% over the last three years.

"As reQuire continues to grow, one of our top priorities is to remain customer and employee-centric," said Ochave. "We always strive to maintain the highest possible levels of customer service and employee morale without exception."

"Over the past seven years, reQuire has experienced record growth in arguably some of the toughest economic times in our nation's history," said Executive Vice President Robert Pleasants. "As the "backbone" of our company, Louie has an innate ability to keep us balanced financially and keep the needs of our employees a top priority. This is a much deserved award and every member of the reQuire Team is very proud of Louie."

As director of finance, Louie manages the administrative staff and accounting activities of the company as well as administering benefits plans and other human resources functions. Louie has been a small business owner for many years in the hospitality industry and most recently managed and operated a restaurant group with six locations and over 55 employees. Louie received a bachelor's degree in business administration with a concentration in finance from Old Dominion University.

About reQuire Release Tracking

reQuire ( is the leading lien release tracking and reporting service in the real estate settlement services industry. Its primary customers are companies performing real estate settlements and disbursing payoff funds to satisfy lien requirements. For more than a decade, reQuire has proactively tracked and verified the payoff and cancellation of prior mortgage accounts and liens after the closing. Our goal is to restore certainty in the closing by minimizing costs, disruptions, and frustrations for all parties associated with the transaction - homeowners, realtors, loan officers, attorneys, underwriters, and settlement agents.

Founded in 2002, reQuire provides a unique solution to the epidemic problem in the industry related to unreleased deeds of trust. The lack of lenders statutory compliance and the inconsistencies in lien release-reconveyance methods among states and courthouses has created an ongoing and costly problem for settlement agents in tracking and reporting the release of property liens. Many are familiar with setbacks associated with unreleased liens; our goal is to eliminate setbacks for everyone at the closing table.

CONTACT: Kristen Malcom (757) 226-8049

Source: reQuire Release Tracking