LRES Corporation has announced the promotion of Molly Merchant to vice president of operations, REO asset management, and HOA services.

Merchant started her career at LRES as REO manager and later stepped up to her most recent role as senior director of REO asset management. She has spent much of her career in the REO asset management industry, holding several leadership roles at top banks, including JPMorgan Chase and Citi Residential Lending.

“We have incredible momentum right now, and I’m excited to continue to advance the REO asset management and HOA departments for LRES. My team is comprised of successful, tenured industry experts that are committed to our clients’ satisfaction and achieving our divisional goals,” Merchant said.

“Molly has years of experience in REO operations and is a recognized industry leader. Over the past year, she has been vital in expanding our REO asset management market share, so it was a natural decision to elevate her role within the LRES organization,” said LRES President Mark Johnson.