Former JPM, WaMu Executive Steve Rotella Named to Advisory Board at Vericrest

Vericrest Financial, Dallas, a fast growing residential servicer headed by David Schneider, has created a new advisory board, naming four to the panel, including Stephen Rotella, a former top mortgage executive at JPMorgan Chase, and Washington Mutual.

Others named to the advisory board include Donald Bisenius, John McMurray, and Robert Warrington.

According to a press statement, the panel’s job is to provide “insight and recommendations” concerning strategy, business initiatives and trends to the firm.

In other Vericrest personnel news, the company named John Sayre senior vice president of business development. Sayre joins the firm from Nationstar Mortgage, one of a handful of bidders that is eyeing the purchase of assets belonging to Residential Capital Corp.