Reverse

Hot Seat: Michael Josephs

Written by Michael Josephs , as originally published in The Reverse Review.

From his favorite vacation and the craziest thing he’s ever done to his most memorable moment, we get the facts from Michael Josephs, chief information officer at AAG.

 My favorite vacation was St. Tropez, France, with my wife.

If I were a professional athlete, I would be a curler, as I am used to mopping things up.

My first car was a ’73 Olds Cutlass with Rocket 350.

The craziest thing I’ve ever done was go to Russia on business when the State Department advised against it.

If I had three wishes they would be health and happiness for my family and friends; a cure for cancer; and a cure to the political quagmire we have that precludes positive change due to party-centric representation.

If I could meet anyone, past or present, it would be Denis Diderot, an 18th-century French philosopher and author whom my father studied and wrote about.

My favorite movie isThe Exorcist.

Every morning I walk the dog and think about how walking the dog is putting me behind schedule.

My first job was working in electrical warehouse summers during high school.

My parents taught me how to treat other’s perspectives with respect, even when they are radically different from my own.

My iPod go-to is Rush, all the time, anytime.

The most memorable moment in my life was when the doctor handed me my son when he was born.

My favorite book isThe Blood of the Lamb by Peter DeVries.

If I could time travel, I would see how my 16-year-old son handles his 16-year-old when he gets there.

The future of reverse mortgages is outstanding, as it is just the beginning of focused service on a demographic that needs support in a number of ways beyond merely the unlocking of home equity.

I entered this industry because I chose to become part of the amazing AAG team in order to align my skills, experience and technical interests with the needs of our seniors. With aging parents of my own, I am passionate about contributing to the expansion of easy-to-leverage (and understandable) opportunities to make seniors as confident and comfortable as they can possibly be in their golden years.

Before I entered the reverse mortgage industry I was CIO for insurance and WC vertical within Xerox.

The most important thing financial advisors can learn about reverse mortgages is that it can be an instrumental tool in the overall portfolio of a senior who seeks to carefully manage the depletion of tax-deferred savings.

The ideal characteristics of leaders in the industry are a deep understanding of the financial ramifications to all the stakeholders in a reverse mortgage and a passion to provide an expanding array of opportunities to seniors looking to age in place.

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