Vericrest Financial announced that former Nationstar Mortgage vice president of production and securitization veteran, Joe Anderson has been appointed Chairman and Chief Executive Officer, effective immediately.
In January the residential mortgage loan servicer announced its plans to merge with Caliber Funding to create a full-service, residential mortgage banking organization offering both loan origination and loan servicing solutions to its customers. The transaction is expected to close within four to six months.
Anderson will assume his new role of Chairman and Chief Executive Officer of the combined organization.
Prior to joining Vericrest, Anderson served as executive vice president of production at Nationstar Mortgage. Before that role, he was senior managing director of Countrywide Home Loans' prime retail lending division. He led all origination channels, finance and operations support for originations; which included loan fulfillment, technology integration, process improvement, profit and loss management and capacity planning.
In previous senior level roles with other mortgage organizations, he led capital markets functions including hedging, loan securitization and product development. He has held senior leadership positions at First Horizon Home Loans, CC Mortgage, SWS Mortgage, MPACT Mortgage and Nationstar Mortgage.