Read about the latest happenings in companies across the reverse space. Have exciting news to share? Email us to see it in print!
Urban Financial of America Names Scott Norman VP of Sales for Its Retail Field Channel Industry veteran and reverse mortgage advocate Scott Norman has joined Urban Financial of America as vice president of sales, overseeing nationwide production for the company’s growing field retail channel and reporting to Chief Sales Officer Sherry Apanay. A top-producing sales professional and active proponent for reverse mortgages, Norman led the original 1999 campaign to amend the Texas Constitution to allow the product to be offered in the state and founded the Texas Association of Reverse Mortgage Lenders. He later closed the very first reverse mortgage loan in Texas in 2000. Norman entered the mortgage banking business in 1993 and became president of the Austin Mortgage Bankers Association in 2005, and president of the Texas Mortgage Bankers Association in 2010. Most recently, he was vice president of Sente Mortgage’s reverse mortgage division in Austin. “Our core values are client focus, integrity, teamwork, innovation and respect for each individual and responsible citizenship, which we believe Scott exemplifies,” said UFA President Steve McClellan. “Scott’s advocacy for seniors is something we value greatly as well.”
ReverseVision Joins Mortgage Technology Magazine’s List of Top 50 Service Providers ReverseVision has been named one of Mortgage Technology magazine’s 2014 top 50 service providers. The annual list recognizes lenders “for their accomplishments in four criteria: continued advancement of technology and services, viable revenue model and value proposition, exceptional customer service and unique impact on the mortgage industry.” According to the magazine, ReverseVision “has focused on expanding its product suite to include new loan officer productivity tools, EDM capabilities, and Web-based education and training to tools to complement its reverse mortgage LOS. Its core offering provides a centralized hub to pass loan files between originators, investors and other third parties.”
Generation Mortgage Company Employees Receive Recognition, Company Launches New Website Several Generation Mortgage Company employees have received impressive accolades throughout spring 2014. Loan officer Lisa Hamilton was featured in D Magazine’s annual list of Best Mortgage Professionals. Hamilton has spent more than 10 years working in the HECM industry and currently serves as part of GMC’s Texas sales team. Also, the Georgia CIO Leadership Association recently named GMC’s chief information officer, Walt Carter, a finalist for the 2014 Georgia CIO of the Year Awards in the Corporate category. GMC has also launched a brand-new version of its corporate website, generationmortgage.com. The site features a sleeker layout and incorporates the company’s nu62 software into the design and content.
Patrick Lambrecht Joins Reverse Mortgage Funding as Retail Operations Manager Reverse Mortgage Funding has hired Patrick Lambrecht as its retail operations leader. As such, Lambrecht will lead all retail operations for the company, with particular focus on the HECM for Purchase and private label channels, two key growth areas. Lambrecht, who worked previously as vice president for Security One Lending, will report to operations executive Michele Zachensky. “Patrick is a great talent and we’re happy he is joining us,” said Zachensky. “He brings with him 20 years in the mortgage industry, with particular expertise in retail, operations and sales. He knows retail operations very well and will be a tremendous asset to us.”
360 Mortgage Group Launches Retail Branch Model, Hires Nancy Pedone to Lead Expansion 360 Mortgage Group, a privately owned mortgage banker with a primary focus on third-party origination, has expanded the production infrastructure of its reverse mortgage division by launching a retail branch model. This new branch is the reverse division’s third production channel for the HECM market and will supplement its wholesale and inside-direct sales channels. As a first step in its national expansion plans, the reverse division has opened its first branch in Dallas, Texas, and has additional retail branches pending in seven other states. 360 Mortgage Group has also named Nancy Pedone national reverse branch manager of its reverse division. In her new role, Pedone will focus on building a branch network throughout the country and hiring sales managers, branch managers, retail loan officers and operations professionals. “360 Mortgage Group is 100 percent committed to being a leader in the reverse mortgage market. We are making the needed investments—from production talent, operational support and geographic expansion—to have the right lending infrastructure in place to provide borrowers the best reverse mortgage solution,” said President Mark Greco.
