Promisco will oversee the company’s retail network of more than 100 branches and more than 500 team members. He will have oversight of the strategic direction, business development, and market expansion in the retail platform. Promisco will be based out of the company’s Folsom, Calif., office.
“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.”
Promisco has more than 17 years of financial industry experience. He was most recently the executive vice president of joint ventures for Stearns Lending. His experience as a leader in retail mortgage 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.
“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,” Sierra EVP Chuck Iverson said. “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!”
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Jay Promisco has joined Sierra Pacific Mortgage as senior vice president of retail lending.