John A. Vella named president, COO of AamesMortgagePress.comAames Investment Corporation,Vella
Aames Investment Corporation has hired John A. Vella as
president and chief operating officer. In his new role at Aames,
Vella's primary focus will be achieving the company's growth
objectives in its core sub-prime mortgage business. He will also
have management responsibility for the company's sales
organization, loan servicing and credit operation platforms.
Vella most recently served as chief sales officer for Option One
Mortgage, a national sub-prime lender, and brings to Aames more
than 23 years of experience in the lending industry. Prior thereto,
Vella served as chief administrative officer at Option One since
2002, where he managed, among other things, loan servicing and
information technology departments.
"We are excited to add John to our executive team and expect to
benefit from his extensive knowledge and experience in mortgage and
consumer lending," said A. Jay Meyerson, chairman of the board and
chief executive officer of Aames. "John brings to Aames an in-depth
understanding of the sales, operations and loan servicing aspects
of our business."
"Jay and his team have positioned Aames as one of the leading
independent sub-prime mortgage real estate investment trusts," said
Vella. "In my new position, I look forward to leading a new phase
of expansion in its loan production and loan servicing
capabilities, while continuing the company's record as a
well-managed and disciplined mortgage lender."
For more information, visit www.aames.com.