VCC Hires Industry Leader to Head Servicing Division

Westlake Village, Calif.—Velocity Commercial Capital, a specialty finance firm focusing on originating, acquiring and securitizing small balance commercial loans, announces the addition of Jack Jacob to its senior management team. In his role as executive vice president and chief servicing officer, Jacob will lead Velocity’s Servicing and Special Servicing groups.

Jacob brings more than 30 years of banking, servicing, special servicing and real estate experience to the position. Prior to his appointment, Jacob was vice president for Aurora Bank, formally known as Lehman Brothers Bank, in their commercial real estate Special Assets Department, and previously held management roles at WAMU, American Savings Bank, American Real Estate Group (AREG), and American Savings & Loan.

Jacob attended Loyola University and holds a Bachelor’s degree from North Park University.