This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Joe Anderson Appointed As Chairman And Chief Executive Officer Of Vericrest

DALLAS, March 7, 2013 /PRNewswire/ -- Vericrest Financial, Inc., a premier financial services company specializing in the servicing of residential mortgage loans, today announced that Joe Anderson has been appointed Chairman and Chief Executive Officer of Vericrest, effective immediately.

As previously announced, on January 17, 2013, Vericrest agreed to combine with Caliber Funding, LLC to create a full-service, residential mortgage banking organization offering both loan origination and loan servicing solutions to its customers.  In light of customary regulatory and legal conditions and approval, the transaction is expected to close within four to six months.  Mr. Anderson will lead the integration process and assume the role of Chairman and Chief Executive Officer of the combined organization. 

Mr. Anderson is a well-known leader in the mortgage banking industry with 31 years of experience. His extensive background includes expertise in production, capital markets, operations, finance, technology, credit and governance.  Prior to joining Vericrest, Mr. Anderson served as Senior Managing Director of Countrywide Home Loans' prime retail lending division. In this role, he led all origination channels including distributed retail branches, centralized consumer direct, strategic alliances, home builder, relocation, servicing recapture and internet lending.  In addition, he led 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.  Mr. Anderson has also held senior leadership positions at First Horizon Home Loans, CC Mortgage, SWS Mortgage, MPACT Mortgage and Nationstar Mortgage.       

About Vericrest Vericrest Financial, Inc. is a premier financial services company specializing in the servicing of residential mortgage loans in all 50 states.  Through three Centers of Excellence in Texas, Oklahoma and California, Vericrest provides superior service and innovative solutions to meet the needs of our customers and investors while maintaining the highest levels of integrity and compliance.  Vericrest's servicing portfolio currently includes approximately 55,600 mortgage loans with an aggregate outstanding principal balance of $10.1 billion.  To learn more about Vericrest, visit or call 1-800-401-6587. 

SOURCE Vericrest Financial, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs