Ask the Expert (in a crisis)

How to close a loan in 7 days

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Jay Promisco, Chief Production Officer from leading lender, Sierra Pacific Mortgage joins States Title CEO Max Simkoff to explain how he and his team are able to close loans in as little as 7 days by leveraging different technologies, processes, and procedures. 

About Jay Promisco: Currently serving as Chief Production Officer at Sierra Pacific, Jay Promisco joined the MPA Five Star Lender to help restructure and future proof the company in the Fall of 2017. Jay started his career in banking at Dean Witter and went on to join eTrade Financial and Barclays Global Investors before switching to mortgage financing in 2003. Having learned the ropes at GreenPoint Mortgage and Wells Fargo, Jay joined Stearns Lending where he rose through the ranks to Executive Vice President of Joint Ventures. Jay capped off 10 years with the successful sale of Stearns Lending to Blackstone, the world’s largest alternative investment firm.

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