Sutherland Asset Management Corp. has appointed Carole Mortensen as COO, a new position in the company. As COO, Mortensen will have responsibility for the company’s operating units, marketing and capital markets execution.
Mortensen will report directly to Chief Executive Officer Thomas Capasse. “We are excited to have Carole join us as our Chief Operating Officer. Carole has built an impressive track record for operational and commercial accomplishments in key roles at Waterfall Asset Management,” states CEO, Thomas Capasse.
“Given Carole’s deep industry knowledge and market expertise, we believe she is uniquely qualified to drive results for Sutherland,” he adds.
Mortensen has worked for Waterfall Asset Management, the external manager of Sutherland, since 2011. Most recently, Carole served as managing director of the capital markets team focused on consumer asset-backed transactions and contributed to the successful reverse merger transaction resulting in Sutherland REIT going public.
She previously served as head of asset management. Before joining Waterfall, Mortensen had held several positions within the financial services industry including Ally Bank, UBS Investment Bank, Credit Suisse and Moody’s Investors Service.
Sutherland Asset Management is a REIT that originates, acquires, finances, services and manages SBC loans, U.S. Small Business Administration loans under its Section 7(a) program, and residential mortgage loans.