Read about the latest happenings in companies across the reverse space. Have exciting news to share? Email us to see it in print!
Texas MBA Hosts 13th Annual Reverse Mortgage Day The Texas Mortgage Bankers Association announced it will hold its annual Reverse Mortgage Day on Thursday, September 11, in Dallas at the Westin Galleria.Already one of the largest reverse mortgage conferences in the country, this event will cover ongoing industry and NRMLA initiatives that are top of mind for reverse mortgage lenders across the country. “With the lending landscape changing almost daily, those attending this conference will receive the most up-to-date information on everything from Financial Assessment to secondary markets,” said Urban Financial of America’s Scott Norman. For more information on the one-day conference, visit texasmba.org/reverse_mortgage.
ReverseVision Launches Online Education Resource ReverseVision has launched RV University (RVU), an online education platform created to teach mortgage professionals about the reverse mortgage industry. Many of RVU’s courses will offer continuing education credits from the Nationwide Mortgage Licensing System and credits for NRMLA’s CRMP distinction. RVU courses are also essential for companies looking to ensure their staff members are speaking the same language with respect to reverse mortgages. By utilizing RVU, companies will build a team of knowledgeable reverse mortgage experts who can better serve their borrowers and best position themselves to avoid any training-related issues that may arise from a CFPB audit. “RVU is a fantastic tool for reverse mortgage professionals, built as a direct response to challenges being experienced throughout the industry,” said ReverseVision Product Manager Rachel Smith. “We were repeatedly told how expensive and time-consuming it is to train new LOs and fulfillment people new to the industry. RVU will replace the need for in-house, HECM-specific training for both new and experienced staff.”
1st Financial Reverse Mortgages Branches Into New States, Expands Its team 1st Financial Reverse Mortgages has expanded into three states, establishing branches in Texas, Illinois and North Carolina. The company has also hired several HECM specialists. The Texas office welcomes Joe Valdez (manager), Chris Valdez and Larry Olez, and the Illinois office will be managed by Glen Marino. Other additions to the team include Cathy Brock (South Carolina, Georgia, North Carolina), Mike Carson (South Carolina), Mike Glozier (Georgia), Vicki Tuttle (Georgia) and Kristin Jamieson (Florida). “We are proud that our exceptional sales support platform is helping us attract quality originators and continue our measured growth into more states,” said Mike Gruley, director of reverse mortgage operations. 1st Financial Reverse Mortgages is a division of Success Mortgage Partners, Inc., headquartered in Plymouth, Michigan.
FirstBank Announces New Hires Ed O’Connor, regional manager for FirstBank, has announced several new hires as part of the company’s Northeast expansion. The new additions to the FirstBank team include: Bob Totten (Connecticut and Rhode Island), Jeff Avella (upper New York), Chris Lang (upper New York) and Peggy Winters (Long Island, New York). “Each of our new team members brings a wealth of experience and knowledge to FirstBank in the reverse mortgage arena,” O’Connor said. “We are excited about the talent joining our teams and look forward to our continued expansion with exceptional people.”
Generation Mortgage Company Connects With the Financial Planning Community Generation Mortgage Company has continued to attract attention from the financial planning community in the past several months. GMC President and CEO Colin Cushman recently spoke on a panel at the Financial Advisor Retirement Symposium in Las Vegas about the risk management opportunities reverse mortgages present to financial planners. A recent issue of Financial Advisor magazine also featured an article about the HECM industry and its impact on financial planners and their clients’ retirement strategies, including quotes from Cushman about how financial advisors can benefit from reverse mortgage knowledge.
