Sutherland Asset Management Appoints Carole Mortensen As Chief Operating Officer

NEW YORK, June 15, 2017 /PRNewswire/ -- Sutherland Asset Management Corporation (NYSE: SLD) today announced that Carole Mortensen has been appointed Chief Operating Officer, a new position in the company. As COO, Ms. Mortensen will have responsibility for the company's operating units, marketing and capital markets execution. She 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.  Given Carole's deep industry knowledge and market expertise, we believe she is uniquely qualified to drive results for Sutherland," stated Chief Executive Officer Thomas Capasse.  

Ms. 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, Ms. Mortensen has held several positions within the financial services industry including Ally Bank (GMAC ResCap) , UBS Investment Bank, Credit Suisse and Moody's Investors Service.

About Sutherland Asset Management Corporation

Sutherland Asset Management Corporation (NYSE: SLD) 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.  The Company originates SBC loans through its ReadyCap Lending subsidiaries and originates residential mortgage loans through its GMFS subsidiary.  The Company is externally managed and advised by Waterfall Asset Management, LLC.

Contact
Investor Relations
Sutherland Asset Management
212-257-4629
SutherlandIR@waterfallam.com

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SOURCE Sutherland Asset Management Corporation