Read about the latest happenings in companies across the reverse space. Have exciting news to share? Email us to see it in print!
Celink Names New CFO Celink has hired Ronda McCoy as chief financial officer. McCoy, who has 20 years of financial and accounting experience, is a CPA with an MBA from Western Michigan University and a B.A. in accounting from Michigan State University. According to the servicer, client loan portfolio growth, coupled with escalated inquiry and interest in the reverse mortgage space, have led the company to increase their investment in accounting, operations, compliance and IT talent.
ReverseVision Adds Credit Report Integration to Reverse Mortgage LOS Platform ReverseVision has added automated credit reporting capabilities to RV Exchange (RVX), its flagship reverse loan origination system platform. Through this integration, lenders will be able to automatically import a borrower’s credit information directly into RVX’s Financial Assessment module. This functionality will allow users to pull borrowers’ credit reports from a number of providers and have the data automatically populate into the credit report fields.
Reverse Mortgage Funding Hires Michael J. Wyrostek as Regional Manager Reverse Mortgage Funding has hired Michael J. Wyrostek as regional account manager for the Midwest region, a position that supports RMF’s third-party origination sales channel. Wyrostek will be based in Chicago and will report to National Sales Leader Mark O’Neil. Previously, he oversaw the reverse division for Mortgage Services III and worked as business development manager for Financial Freedom, where he educated financial professionals about reverse mortgages.
Firstbank Hires New Originators to Growing Team Firstbank has hired a number of new originators to its growing reverse team. The new hires are former originators with North American Savings Bank, which recently exited the space. The team includes: Pete Mendenhall, CRMP; Mark Clark, CRMP; Tim Burchett; Tim Crawford; Hal Edwards; and Phil McLeod.
Home Point Financial Announces New Hires Home Point Financial has hired Ty Kern as senior managing director of production acceleration and Joan Cavanagh as director of product standards. Kern, who will be based in California, will focus on identifying and integrating production expansion opportunities for the Home Point platform. Cavanagh, who will be based in New Jersey, will focus on growing opportunities for condominium mortgages and related service improvements for sales and operations. In April, Home Point announced its acquisition of Maverick Funding and several branches of Great Plains National Bank.
Churchill Mortgage Announces New Hires To support its continued growth, Churchill Mortgage has hired 22 new employees at its branches in Arizona, California, Michigan, Tennessee, Texas, Virginia and Washington. The lender, which provides conventional, FHA, VA and USDA residential mortgages across 33 states, has added nearly 80 industry experts since January.
