Vericrest Names New Head of Business Development

DALLAS, Sept. 4, 2012 /PRNewswire/ -- Vericrest Financial, Inc., a premier financial services company specializing in the servicing of residential mortgages, today announced that John Sayre has joined the company as Senior Vice President of Business Development.  Mr. Sayre brings 25 years of experience in the mortgage banking industry to his new role, in which he will focus on identifying and pursuing new business and strategic opportunities including subservicing transactions and the acquisition of mortgage servicing rights. 

"We are very excited to have John on the Vericrest team," said David Schneider, Chief Executive Officer of Vericrest.  "John's extensive background in mortgage banking and account management will help us to grow our market share.  John's experience and insight make him ideal for this crucial role, and we are fortunate to have him on the team."

Mr. Sayre commented, "I am pleased to be joining Vericrest, and look forward to working with the team to achieve continued growth and success."

Most recently, Mr. Sayre served as Senior Vice President of Business Development at Nationstar Mortgage.  Mr. Sayre has enjoyed an extensive career in the mortgage industry, holding leadership roles at Nationstar, Fannie Mae, Home Savings of America and First Interstate Mortgage. 

About Vericrest

Vericrest Financial, Inc., headquartered in Dallas, Texas, is a premier financial services company specializing in the servicing of residential mortgages and consumer finance loans in the United States.  Through three Centers of Excellence in Dallas, 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.  To learn more about Vericrest, visit www.vericrestfinancial.com or call 1-800-401-6587. 

SOURCE Vericrest Financial, Inc.