Generation Mortgage is expanding, with the recent opening of a new New York office. The company announced today that is has opened a West Babylon, New York office that will serve the market throughout the state.
Generation says the expansion will help retail outreach in the nation’s third most populous state. Led by Ed O’Connor, the company’s eastern regional manager, the New York operation looks to secure Generation as a top-5 reverse mortgage lender.
“With more than 20 years’ experience in the financial services industry, and former President of Advanced Funding Solutions Inc., a reverse mortgage broker based out of New York, I’m very excited to come on board with this industry leader,” said O’Connor.
The office currently employs five loan officers and additional staff with plans to expand. Generation is currently hiring experienced loan officers for the New York office, within the Tri-State area and throughout the entire country, O’Connor told RMD.
“The timing has turned out to be very good because of [large bank exits],” he says. “We didn’t know those things were going to happen, but the timing is good. The industry needs some stability.”
Written by Elizabeth Ecker
