ORANGE, Calif.--(BUSINESS WIRE)--LRES, a national REO and appraisal management company offering property valuations, asset management, HOA and technology solutions for the mortgage industry, announced that Molly Merchant has been promoted as its new REO manager of asset management.
In this role, Merchant manages 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 ensures effective collaboration with her staff and other parties involved in the successful liquidation of the subject property,” said Roger Beane, CEO of LRES.
Orange County, Calif.-based LRES is a national REO and appraisal management company offering property valuations, asset management and technology solutions for mortgage bankers, lenders, servicers, credit unions and private investors. With more than 14 years of continued growth, LRES offers residential and commercial solutions and managed business processes for the origination and default markets. For more information about LRES, visit its website at www.lres.com.
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