Read about the latest happenings in companies across the reverse space. Have exciting news to share? Email us to see it in print!
FirstBank Mortgage Partners Hires Ed O’Connor to Lead Northeast Expansion FirstBank Mortgage Partners has hired Ed O’Connor to lead the expansion of its HECM division in the Northeast region. O’Connor is the former president and founder of New York-based Advanced Funding Solutions and previously worked for Generation Mortgage Company and Nationwide Equities. “Having a bank behind you is a tremendous asset in terms of your ability to do business on many different levels,” says O’Connor. “We are a good match in terms of how we think and the experience levels we bring together, so there is a tremendous synergy.”
Generation Mortgage Company Gains Approval in Missouri, Expands Reach to 49 States Generation Mortgage Company continues to expand its nationwide lending reach with the recent approval from Missouri. Missouri loans are now being accepted from all wholesale channels. This addition increases GMC’s total lending area to 49 states plus the District of Columbia. In addition, the company is able to offer broker processing services for 46 states plus D.C. due to the recent additions of Missouri, Rhode Island, Virginia and West Virginia.
Reverse Mortgage Funding Adds Craig Barnes as Corporate Trainer, John Burich as Regional Account Manager Reverse Mortgage Funding LLC has hired Craig Barnes as corporate trainer. Barnes will be responsible for the education of Reverse Mortgage Funding employees and partners across all business channels. He will design, develop, and deliver training materials and sessions for both internal and external audiences. “As Reverse Mortgage Funding continues to grow—adding employees, third-party originators, and new products to our portfolio—it is essential for us to have solid training in place,” says RMF President David Peskin. “We’re fortunate to have Craig join our team.” RMF has also hired John Burich as a regional account manager. Burich will be responsible for building and maintaining third-party originator relationships with brokers, credit unions and banks in the Northeast. “For more than 12 years, John has been working in the reverse mortgage industry, managing accounts in the Northeast and New England,” Peskin says. “We are pleased to have someone with his depth of experience come on board to represent Reverse Mortgage Funding in this important territory.”
ReverseVision Adds Mark Johnson as Customer Support Manager, Moves Joseph Rinner to Product Manager Reverse mortgage software and technology provider ReverseVision has hired Mark Johnson as customer service manager. Johnson, who has more than 20 years of reverse mortgage experience, replaces Joseph Rinner, who has moved into the role of product manager. Prior to joining ReverseVision, Johnson worked for Generation Mortgage Company, Financial Freedom and Unity Mortgage. By hiring Johnson, ReverseVision can now shift Rinner’s attention to designing new tools focused on helping originators achieve success. “ReverseVision is focused on serving its loyal base of reverse mortgage lenders with superior technology solutions and expertise across all aspects of your business,” says ReverseVision President John Button. “Adding Mark, a professional of unparalleled expertise, and better leveraging Joe’s origination background, help us better serve our clients and the industry.”
Liberty Partners With Financial Planning Software Provider Liberty Home Equity Solutions has partnered with PIEtech, the designer of MoneyGuidePro (MGP), a financial planning software for financial advisors, to integrate reverse mortgage loan calculations into the MGP software. This new feature will enable financial planners to incorporate the use of home equity through a reverse mortgage loan into retirement planning strategies. “Once I learned the facts about reverse mortgage loans, especially the FHA HECM program, I felt strongly that we need to provide our users with the ability to evaluate reverse mortgage loans as part of their financial planning process,” says PIEtech founder and CEO Bob Curtis. The partnership will also allow MGP users to obtain quotes for a HECM loan with monthly payment disbursement options as part of MGP’s Retirement Income feature, giving them the ability to view the impact a HECM loan may have on the probability of success for any client’s retirement plan.
