Read about the latest happenings in companies across the reverse space. Have exciting news to share? Email us to see it in print!
Peer Advisors Acquires Celink
Peer Advisors has acquired reverse mortgage servicer Celink. The terms of the transaction are not being disclosed. Peer Advisors is led by Jim Mahoney, Jason McNamara and Al Benedetti. Following the acquisition, Mahoney will serve as chairman of Celink, McNamara as CEO and Benedetti as executive vice president of finance. Celink founder and CEO John LaRose will serve as a consultant for the company, based in Lansing, Michigan, and Ryan LaRose will remain Celink’s president and COO. “Celink’s state-of-the-art platform, coupled with the domain expertise that Ryan and his team possess, is a valuable asset to Celink and a strategic component to our entire industry as we look to maximize service to our clients and improve the borrower’s product experience, safety and satisfaction,” said McNamara.
American Advisors Group Acquires Associated Mortgage Bankers
American Advisors Group (AAG) has acquired New York-based Associated Mortgage Bankers (AMB). This acquisition will be the second top 10 reverse lender AAG has rolled up this year, following the recent addition of RMUSA. AAG will retain AMB’s reverse mortgage leadership team, with Kevin Blakeney leading distributed retail and Adam Salti business development initiatives. The transition will take place when all necessary licensing and regulatory approvals are received and will add 85 employees to AAG, bringing the company’s staff total to nearly 800. “We are excited to incorporate one of the strongest distributed retail management teams into our business,” said AAG CEO Reza Jahangiri.
Generation Mortgage Company Executive Nominated for CIO of the Year Award; Company Participates in Industry Conferences
Generation Mortgage Company’s CIO Walt Carter has been nominated for the 2014 Georgia CIO of the Year award. The award honors technology executives who have shown excellence in innovation, leadership and community involvement. Cheryl McNally, chief sales officer of Generation Mortgage Company (GMC), will speak at the American Conference Institute’s National Summit on Reverse Mortgage Lending in March. GMC will also participate in NRMLA’s Eastern Regional Conference in New York City in March as
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