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Sierra Pacific Mortgage Hires Jay Promisco as the Senior Vice President of Retail Lending

Folsom, CA, Oct. 03, 2017 (GLOBE NEWSWIRE) -- Sierra Pacific Mortgage, one of the nation’s top ten private mortgage lenders, is pleased to announce that after a national search, Jay Promisco has joined the company as the Senior Vice President of Retail Lending. Based out of the corporate office in Folsom, CA, Mr. Promisco will oversee the 100+ retail branch network, including more than 500 team members.

Jay Promisco, Sierra Pacific Mortgage's New Senior Vice President of Retail Lending




Specifically, Mr. Promisco will have oversight of the strategic direction, business development, and market expansion in the retail platform for the company as it continues to grow its nationwide presence.

With 17 years of experience in the financial industry, Jay is a retail leader who has extensive experience running and resourcing retail mortgage banking enterprises. Most recently, he was the Executive Vice President of Joint Ventures for Stearns Lending. His retail mortgage expertise includes business leadership, builder business, portfolio retention, operations, compliance and capital markets, as well as creating onboarding programs and recruiting platforms, overseeing technology implementations, and running joint ventures.

“I am truly excited to join Sierra Pacific Mortgage,” Jay said. “The company’s reputation within the industry and its commitment to its clients and employees is bar none. I can’t wait to lead Sierra Pacific Mortgage’s retail initiatives to further success.”

On Jay joining Sierra Pacific Mortgage, Executive Vice President Chuck Iverson said, “When searching for a leader to fill this role, we knew we needed someone who had both the leadership skills and the mortgage banking business acumen to continue to build the strength of our organization. Jay fits our company’s culture based on his work ethic, integrity and knowledge. We are happy to have him join the team, and look forward to his success!”

Sierra Pacific Mortgage is excited to have Jay join the team and looks forward to his leadership and enthusiasm for the company as we continue to grow and strengthen our retail division!

With more than 30 years in business, Sierra Pacific is continuously focused on adding experienced team members across the country! If you are looking for an opportunity at Sierra Pacific Mortgage, please visit www.joinsierrapacificmortgage.com.

Attachments:

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/a7fc35d1-1d2a-46b2-8d7e-e4ecb4c030cb

Attachments:

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/81c2bc4a-3889-4b24-919f-81dde1fe4217

Christina Long Sierra Pacific Mortgage, Company Inc. 916-932-1711 Christina.Long@spmc.com

Source: Sierra Pacific Mortgage,Company Inc.