Read about the latest happenings in companies across the reverse space. Have exciting news to share? Email us to see it in print!
Reverse Mortgage Funding Names Alissa Prieto Regional Account Manager, Hires Linda Dellutri to Lead Human Resources
Reverse Mortgage Funding (RMF) LLC has hired Alissa Prieto as a regional account manager. Prieto will be responsible for building RMF’s business on the West Coast through the establishment of third-party originator (TPO) relationships with brokers, credit unions and banks. Prieto, who is based in Southern California, will cover Washington, Oregon, California, Arizona, Utah, Nevada, Idaho, Alaska and Hawaii. Prior to joining RMF, Prieto served for more than nine years as vice president of sales at Premier Reverse Closings. “We are pleased to have Alissa join our growing team,” said Michael Mooney, national sales manager for the third-party channel at Reverse Mortgage Funding. “Alissa has been committed to our industry for nearly a decade. The relationships she has established with reverse mortgage originators will serve her well as Reverse Mortgage Funding grows its TPO business.” RMF has also hired Linda Dellutri as vice president of human resources. As such, Dellutri will be responsible for the overall function of the human resources department, including talent acquisition, onboarding, benefits, compensation, payroll, employee relations, training and employee development.
ReverseVision Announces New Partnerships With LiveWell Financial, Mason-McDuffie
San Diego-based reverse mortgage software provider ReverseVision has partnered with Live Well Financial, a leading GNMA HMBS issuer of reverse mortgages headquartered in Richmond, Virginia. “As one of only a few lenders capable of placing reverse mortgage originations into the
secondary market, Live Well Financial has recently added key management to the company to expand its wholesale and branch partner business,” said Live Well’s EVP Bruce Barnes. “Our strategic partnership with ReverseVision is a key step in rolling out our new Broker Advantage Platform that will create a new standard in reverse mortgage wholesale lending.” ReverseVision has also partnered with Mason-McDuffie Mortgage Corporation, a lender based in Ramon, California, with more than 100 years of experience helping homeowners.
Generation Mortgage Company Launches nu62.com; Continues Sales Team Growth
Generation Mortgage Company (GMC) has launched nu62.com, an interactive website that shows potential borrowers and industry professionals how strategic use of home equity can help homeowners live better in retirement. The site features GMC’s patent-pending nu62 software, which graphically demonstrates the value of employing various utilization strategies to put home equity to work. To learn more about a better and more efficient way to show your clients how a conversion mortgage can play a valuable role in financial planning, visit nu62.com/rr2. GMC has also hired two new loan officers. Laura Bopp now represents the company in Colorado, while Sean Reese is serving GMC customers in the state of Iowa. Both Bopp and Reese are managed by Generation’s regional retail sales manager, Alicia Hahn. “At Generation, we are working to expand our sales team by adding talented professionals who possess significant mortgage industry experience as well as a passion for helping seniors,” said Generation’s chief sales officer, Cheryl MacNally.
Urban Financial Group Changes Name to Urban Financial of America, LLC; Names Kristen Sieffert COO, Hires Three New Sales Managers; Launches Education Programs for Financial Advisors
Urban Financial Group has changed its name to Urban Financial of America, LLC, or UFA. The name change follows Urban’s sale by Knight Capital Group upon its merger with Getco; Urban is now owned by an investor group led by Brian Libman, Walter Investment’s chief strategy officer. “Although our name has changed, the team that our customers have come to know will continue to provide the same superior level of service and reverse mortgage expertise that sets Urban apart. We’re excited to have a new identity that better reflects our national profile as a top retail and wholesale lender, and our position as America’s leading wholesale reverse mortgage company,” said UFA President and CEO Steve McClellan. UFA has named Kristen Sieffert COO under the new leadership. The company has also hired three new sales managers: Geoffrey Bench (New York area), Ernest Castro (Virginia) and Castulo Romero (Los Angeles region). Finally, UFA has launched education programs for financial advisors, naming Phil Walker as VP of the new division.
Industry Consulting Group (ICG) Offers HUD-Approved Tax Certification Product
Industry Consulting Group, one of the largest reverse mortgage tax service solution providers, offers a pre-closing tax certificate that meets the upcoming HUD Financial Assessment requirements indicated in HUD’s Mortgagee Letter 2103-27. The low-cost tax certification product will provide a minimum of two years real estate tax payments demonstrating a history of timely payments of property taxes. For further information, contact National Sales Manager Chuck Burkey at 678.517.8168 or [email protected].
