From the best job he has ever had to what he believes industry growth is dependent upon, we get the personal and professional facts from Torrey Larsen, president and CEO of Security One Lending, in our monthly edition of The Hot Seat.
When I was younger I wanted to be a professional basketball player for the Chicago Bulls. I stopped growing and Michael Jordan lived out my dream.
Every morning I begin the day with a cup of coffee with my wife of 25 years.
I can’t go without coffee in the morning.
I’ll never forget my first business partner, David Entrekin. He passed away in 2006 but had a tremendous impact on my life and taught me how to be a better steward of financial assets by helping those with much less.
The best job I’ve ever had is the one I currently hold. I love the industry and love the team we’ve assembled at S1L.
My parents taught me, the more you give, the more you get.
My favorite time of the day is the morning sunrise.
The most memorable moment in my life is a four-way tie: my wedding and the birth of my three kids.
A good friend is someone who tells you the truth, even when it hurts.
My favorite book is Proverbs from the Bible
The future of reverse mortgages is bright. The consumer need for the product continues to grow while the demographic shift cannot be denied.
People should seek a career in the reverse mortgage industry because they enjoy having an positive impact in the lives of seniors.
The most fascinating thing about the reverse mortgage industry is the way in which competitors will assist each other and openly share data; this is not typical in most industries.
I am optimistic about the reverse mortgage industry because we have made so much progress to drive down the consumer cost of the product, yet there is so much growth ahead. Education will lead the way and play a large role in how the market will take shape.
I entered this industry because it’s an industry that has heart and soul.
Reverse mortgage professionals can best support the public image of reverse mortgages by doing the right thing when meeting with seniors. A reverse mortgage is not for every client and education of this product allows seniors to arrive at the proper decision for themselves.
The most important thing financial advisors can learn about reverse mortgages is that it is a viable financial tool that can be a part of the clients overall financial plan.
Industry growth is dependent upon education, both at the consumer and regulatory level.
The ideal characteristics of leaders in the industry are humility and a servant’s heart. Ego and pride get in the way of progress.
The biggest impact reverse mortgages offer to seniors are independence and a sense of stability in their lives.
