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LRES has announced that Molly Merchant has been promoted as its new REO manager of asset management. Merchant will manage various employee relations activities including staffing, training and policy and procedure implementation in order to drive client satisfaction in the Asset Management/REO department for LRES. Merchant also ensures smooth management of every stage of the REO process, including ordering the BPO; listing/marketing the property; negotiating offers; and effectively working with attorneys, clients, buyers and title companies in order to obtain a successful close of escrow.
Merchant has extensive experience in the management of REO liquidation and loan servicing process. Prior to her new position with LRES, Merchant held the position as a title and closing specialist for the company. She has also served as a rate lock and UW support supervisor and an REO unit supervisor for JP Morgan Chase. Prior to that, she served as a senior REO manager for Citi Residential Lending, Inc.
“Molly’s extensive experience and expertise in the REO, escrow, title, appraisal, rate lock and underwriting support process further strengthens LRES’ REO department and ensure effective collaboration with her staff and other parties involved in the successful liquidation of the subject property,” said Roger Beane, CEO of LRES.