Denver-based Statebridge Company has named Jay Memmott as the company’s president and chief operating officer. Memmott brings more than 32 years of experience in the mortgage finance and servicing industry to Statebridge.

Memmott joins Statebridge from Seterus, where he was company president for four years.

”I have admired Jay’s work at Seterus and Wilshire for many years.” said Kevin Kanouff, CEO of Statebridge. “Bringing on an industry veteran like Jay, who successfully transitioned special servicer Wilshire into an industry leader in servicing GSE loans, allows us to accelerate our plans to be an even better special servicer and to diversify our business model into servicing performing and conforming loans.”

Prior to his time at Seterus, Memmott was chairman and managing director of Wilshire Credit Corporation from 2000 to 2010.

“I'm very excited about joining Kevin and his team at Statebridge,” Memmott said. “The team collectively has built a great servicing platform and are perfectly positioned to take their business to the next level of success. As such, I want to be part of that team and that journey. It's going to be fun.”