Skip to main content

Sierra Pacific Mortgage Names Jay Promisco SVP of Retail Lending

NationalMortgageProfessional.com
Oct 11, 2017
Sierra Pacific Mortgage has named Jay Promisco Senior Vice President of Retail Lending

Sierra Pacific Mortgage has named Jay Promisco Senior Vice President of Retail LendingSierra 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.”


 
Published
Oct 11, 2017
Fidelity National Financial Hit By Cyberattack

Industry-leading provider of title insurance and settlement services radio silent on reported breach.

Nov 28, 2023
Citizens Bank Bids Farewell To Wholesale Mortgage Channel

In a strategic pivot, the Providence-based banking giant will stop accepting new wholesale mortgage submissions.

Nov 16, 2023
Surprising Surge In Mortgage Customer Satisfaction, J.D. Power Study Reveals

Study found first-time homebuyers were harder to satisfy, customers don't just shop rates.

Nov 16, 2023
Women Continue To Defy Homebuying Challenges, Representing 22% Of The Market, Survey Finds

Young, educated, diverse, and increasingly savvy, women homebuyers navigate homeownership hurdles with determination.

Nov 15, 2023
Better.com Stays Bullish On Industry Disruption Amid Q3 Losses

Despite a $340 million Q3 loss, Better.com's leadership emphasizes cost reductions, automation, and investment in technology.

Nov 15, 2023
Fannie Mae Extends Rent Payment Pilot

Positive Rent Payment program offers financial stability and opportunities.

Nov 14, 2023