Sierra Pacific Mortgage
has named Jay Promisco Senior Vice President of Retail Lending. Based out of the corporate office in Folsom, Calif., Promisco will oversee the 100-plus retail branch network, including more than 500 team members.
Specifically, 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.
“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,” said Sierra Pacific Mortgage Executive Vice President Chuck Iverson. “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!”
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,” Promisco 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.”