Read about the latest happenings in companies across the reverse space. Have exciting news to share? Email us to see it in print!
Mortgage Cadence Promotes Jacob Petersen, Launches New Website
Mortgage Cadence (MC), a leading provider of Enterprise Lending Solutions, document services, compliance and default technology for the financial services industry, has promoted Jacob Petersen to chief sales officer. In his new role, Petersen will oversee customer service operations for all of MC’s product lines. MC has also launched a new website. Visit mortgagecadence.com to view the latest information on the company’s products and services for the reverse sector.
Generation Mortgage Company Names Sean Sievers as CFO
Sean Sievers has been named chief financial officer of Generation Mortgage Company. Sievers, who has more than 20 years of experience in the financial services industry, served most recently as senior vice president of SunTrust Bank and worked in the past for Countrywide and Freddie Mac. “The management team is excited to have a results-oriented leader supervise the financial division of our rapidly growing company and position us for continued growth in the reverse mortgage industry,” GMC said in a statement.
Scott Norman Hosting “The Sente Reverse Mortgage Show” on Talk Radio
Talk Radio 1370 has added a new program to its lineup: The Sente Reverse Mortgage Show, Presented by Scott Norman. The show, which debuted April 6, will air Sunday mornings from 7:30 to 8:00, focusing on the facts and figures surrounding the reverse mortgage product and giving listeners the opportunity to participate. Norman is a longtime mortgage banker based in Austin, Texas, who has been a strong advocate for the HECM product in that state.
RM USA Hires Kelly McCabe as Director of Credit
Reverse Mortgage USA, the eighth-largest reverse mortgage originator in the country, has hired Kelly McCabe as director of credit. In her role, McCabe will oversee the company’s mortgage banking division, including loan underwriting and processing. McCabe is a DE underwriter with 27 years of mortgage industry experience; she worked previously for MetLife and Security One Lending.
Open Mortgage to Offer Free Appraisals to Community Service Workers
Texas-based Open Mortgage will offer free appraisals in June to those who work or have worked in service of their communities, including teachers, police officers, firefighters and paramedics. "Reverse mortgages can offer seniors a better quality of life,” said SVP Joe Morris, “and with up to $500 reimbursed back to the senior at closing, it is a true cost savings that they can use for other needs they may have.” In November, the company offers a similar deal to military families.
Land Home Financial Services Joins Forces with Golden Equity Mortgage
Forward mortgage direct lender Land Home Financial Services has entered the reverse market through a partnership with Golden Equity Mortgage. CRMP and Golden Equity owner Colleen Moore will head the operation as the national director of Land Home/Golden Equity. “Land Home operates with the customer service philosophy and care required to be a success with today’s reverse mortgage borrower. The owners of Land Home are wonderful and it is an honor to join them in expanding into this rewarding market,” Moore said.
NewDay USA Acquires Abacus Mortgage Training and Education
Leading reverse mortgage lender NewDay USA has acquired Abacus Mortgage Training and Education. The acquisition will enhance NewDay USA University’s ability to teach loan officers how to better serve senior borrowers. Abacus founder Paul Donohue will join the leadership team at NewDay USA and serve as dean of NewDay USA University.
Nationwide Title Clearing Earn’s Inc. Magazine’s Hire Power Award
Florida-based Nationwide Title Clearing was awarded a spot on Inc. magazine’s Hire Power Award. The award honors the fastest-growing, privately held U.S. companies
1st Financial Reverse Mortgage Announces Additional State Approvals in Georgia and Indiana
1st Financial Reverse Mortgage has been granted approval to issue both forward and reverse mortgages in Georgia and Indiana effective immediately. “1st Financial offers referral-based reverse mortgage professionals an outstanding combination of marketing support, strong operations and top-tier compensation in which to grow their practice,” said Regional Vice President Dennis Loxton. 1st Financial is recruiting reverse professionals in Texas, North Carolina, Illinois, Florida, Georgia, South Carolina, Indiana and Michigan.