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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.

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.

Principal Names Diane Nordin to Board of Directors

. “Her strategic thinking, deep client relationship experience and strong acumen in the investment world is what we need as we continue to evolve in markets around the globe.”

Nordin, 58, spent over three decades in the investment management business. She joined Wellington Management Company, a private asset management company, in 1991 and was a partner from 1995 to 2011. Throughout her tenure at Wellington, Nordin’s responsibilities spanned product management, client relationship management, and ultimately the oversight of Wellington’s Fixed Income group for which she was responsible for over roughly 20 business teams and 130 investors globally. During her time at Wellington, Nordin served as vice chair of its compensation committee and audit chair of the Wellington Management Trust Company. Nordin also served as an Advanced Leadership Initiative Fellow at Harvard University from December 2011-2012.

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