New MBA Chairman Brings Reverse Mortgage Experience to Association

image The Mortgage Bankers Association swore in Robert Story as its new Chairman at the associations 96th Annual Convention & Expo in San Diego.

Active in the mortgage banking industry since 1982, Story joined Seattle Mortgage after serving as a construction manager for a real estate development firm. For the last decade he has managed all aspects of the company’s residential loan production, construction lending and commercial loan brokerage.

Today, Story is President and Chief Executive Officer of Seattle Financial where he oversees the management of all its business units to ensure strategic alignment with the company’s overall goals.  Story also oversaw the development of the company’s reverse mortgage division, which grew to become the nation’s third largest originator of reverse mortgages prior to its acquisition by Bank of America in 2007.

Story has an incredible amount of experience in the reverse mortgage industry, so the addition of him as Chairman is good news for the MBA’s Reverse Mortgage Task Force, which other than its “attempt” at a state model bill has been fairly quiet over the last year.

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