FORT WORTH, TX – (BUSINESS WIRE) – December 16, 2021–
Elevate Credit, Inc. (NYSE: ELVT) (“Elevate” or “Company”), a leading technology provider of innovative and responsible online lending solutions for unprivileged consumers, today announced the appointment of Jay Bray on the company’s board of directors. administration, with immediate effect. As President and CEO of Mr. Cooper Group, Bray brings to the Elevate Board of Directors over 25 years of financial services experience. Bray will assume a new position on the Board of Directors and sit on the Compensation Committee.
“Jay’s in-depth knowledge of the financial services and technology market will be invaluable to Elevate as we continue to seek opportunities to better serve the millions of unprivileged consumers who are underserved by traditional banking institutions,” said Jason. Harvison, CEO of Elevate. “Our organization will benefit greatly from the leadership and knowledge Jay has accumulated during his years as the head of Mr. Cooper and we look forward to welcoming him to our Board of Directors. “
As Chairman and CEO of Mr. Cooper Group, Mr. Bray made the company the largest non-bank mortgage manager in the country, led several successful acquisitions and divestitures, and championed the transformation of Nationstar’s business in Mr. Cooper. . Prior to joining Mr. Cooper, he held various leadership roles at Bank of America and its predecessors, where he managed the asset-backed securitization process for mortgage-related products, developed and implemented a strategy secondary execution and a profitability plan and managed investment banking relationships, secondary marketing operations and investor relations. In addition, Mr. Bray led the portfolio acquisition, pricing and modeling group at Bank of America. He holds a BAA in Accounting from Auburn University and is a Chartered Accountant in the State of Georgia.
“I am thrilled to join the board of directors of a mission-driven organization committed to giving consumers the tools and resources they need to achieve a better financial future,” said Mr. Bray. “I look forward to working with my colleagues on the Board of Directors and the management team at Elevate to provide consumers with responsible and transparent solutions that will provide them with the foundation to thrive. “
About the elevation
Elevate (NYSE: ELVT), in conjunction with its banking partners, has to date provided $ 9.5 billion in unprivileged credit to more than 2.6 million unprivileged consumers and has saved its customers more of $ 8.8 billion compared to the cost of payday loans. Its responsible and technological online lending solutions provide immediate relief to today’s customers and help them build a brighter financial future. The company is committed to rewarding borrowers for good financial behavior with features like interest rates that may drop over time, free financial education, and free credit monitoring. Elevate’s suite of revolutionary credit products include RISE, Elastic, and Today Card. For more information, please visit http://www.corporate.elevate.com.
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CONTACT: Investor Relations:
Sloan Bohlen, 817-928-1646
Laurie Steinberg, 845-558-6370
KEYWORD: TEXAS UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: FINANCING OF PROFESSIONAL BANKING SERVICES
SOURCE: Elevate Credit, Inc.
Copyright Business Wire 2021.
PUB: 12/16/2021 9:15 a.m. / DISC: 12/16/2021 9:16 a.m.
Copyright Business Wire 2021.