Joe Anderson Appointed as Chairman and CEO of Vericrest

Vericrest Financial Inc., Dallas, a financial services company specializing in the servicing of residential mortgage loans, appointed Joe Anderson chairman and chief executive officer, effective immediately.

As previously announced in January, Vericrest agreed to combine with Caliber Funding LLC to create a 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, and Anderson will lead the integration process and assume the role of chairman and CEO of the combined organization.

Prior to joining Vericrest, Anderson served as senior managing director of Countrywide Home Loans' prime retail lending division, and also served at First Horizon Home Loans, CC Mortgage, SWS Mortgage and Nationstar Mortgage.