Read about the latest happenings in companies across the reverse space. Have exciting news to share? Email us to see it in print!

Kimberly Smith Joins AAG’s Wholesale Team
AAG has hired Kimberly Smith to oversee its wholesale operations. As senior vice president of wholesale lending, Smith will work with AAG’s dedicated team to advance the company’s growing wholesale channel. Smith served previously as executive vice president of sales at Generation Mortgage Company, where she was instrumental in advancing the company’s wholesale operations to a leader in the space.

Generation Mortgage Company Introduces New Wholesale Processing Division, Adds New Training Classes
Generation Mortgage Company launched a new wholesale processing division that will provide the company’s partners with tools to streamline loan processing. GMC also enhanced its training division with new and updated classes that focus on the LIBOR and HECM for Purchase products. The company is actively working to provide up-to-date training on various industry changes to help keep its wholesale partners informed. Finally, GMC would like to welcome the newest member of its team. Liane Cornelius joined the company in December as vice president of human resources.

Urban Financial Group Expands Field Retail Division, Hires Local Originators
Urban Financial Group is growing its field retail division, hiring four new reverse mortgage consultants. New team members include Greg Manion, who will be covering the New Orleans market and reporting to William Cavanaugh, AVP of the Central Division; Suzanne Bozek, who will be covering the Dallas/Fort Worth area and also reporting to Cavanaugh; Tim Ryan, who will be covering the Phoenix area and reporting to Geoffrey Wallace, AVP of the West Division; and Laura Bopp, who will be covering the Denver area and also reporting to Wallace.

ReverseVision Hires Jeff Birdsell as Product Manager
ReverseVision, Inc., a leading vendor of reverse mortgage technology, has hired Jeff Birdsell as the company’s lead product manager. Birdsell has more than 20 years of reverse mortgage lending experience and an extensive history in software design and development. Most recently, he served as an expert consultant to high-volume reverse mortgage lenders, advising them on the design and implementation of technology solutions to improve their lending efficiency.

Open Mortgage Celebrates Its 10-Year Anniversary
Texas-based Open Mortgage marked its 10-year anniversary on January 5. Founded by Scott Gordon, Open Mortgage prides itself on being a service-oriented lender providing conventional FHA, VA, USDA and reverse mortgages across 27 states. During 2012, the company added 44 new branches throughout the country and increased its staff by 15 percent.

Landmark Network Acquires Coast 2 Coast Appraisal Group
AMC Landmark Network has announced its acquisition of regional appraisal management company Coast 2 Coast Appraisal Group. This is the second such acquisition completed by Landmark Network, Inc. within the last 60 days. Landmark plans to absorb Coast

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2 Coast’s operations and will process all existing and new orders from its Sherman Oaks, California, office; it will also retain Coast 2 Coast’s Orange County office as a sales location.

Mortgage Cadence Announces Support of Qualified Mortgage Rules
Mortgage Cadence LLC, a leading provider of Enterprise Lending Solutions, document services, compliance and default servicing technology for the financial services industry, announced its readiness to meet the new Qualified Mortgage rules released in January by the CFPB. MC’s chief legal and compliance officer, John Levonick, said the company’s two lending solutions, Symphony and Orchestrator, are designed to help customers meet these new requirements seamlessly.