American Advisors Group announced it has added Bob Emerling as its Director of Risk and Compliance, where he will lead the teams responsible for quality control ensuring the company maintains sound lending practices with respect to lending regulation.
Emerling brings over 24 years of experience to AAG, most recently he was at Financial Freedom where he built and managed their Enterprise Risk Management Department. He was also responsible for eight different divisions including compliance, quality control, FHA audits, seller approval, policies and procedures.
“We are very excited to have Bob joining the AAG team. Bob brings not only a wealth of mortgage banking experience, but a tremendous amount of reverse specific expertise,” said Chris Mullins, Chief Operating Officer at AAG.
Emerling will also be responsible for ensuring AAG maintains compliant with all applicable mortgage-industry rules, regulations and statutory requirements as well as identifying, measuring and managing operational and enterprise risks.
According to data from Reverse Market Insight, AAG is the 6th largest reverse mortgage lender in 2011, endorsing 218 HECM loans YTD.