Open Mortgage Expands Retail Reverse Operations With New Hire

As Open Mortgage continues to increase its national presence, the Austin, Texas-based retail, wholesale and correspondent lender has hired JoAnna Bignell to lead the company’s recruiting efforts in the retail reverse mortgage space.

“What I really want to see with JoAnna’s hire is that our reverse retail division continues to evolve and expand as we grow as a company,” Vice President of Sales Peter Kallodaychsak tells RMD. “Our retail component is incredibly important to us, and we view that as a large part of our growth plan in the coming years.”

In this capacity, Bignell will be responsible for bringing in top-producing branches as well as helping the company’s existing branch managers build out their teams.

She brings to the position more than 20 years of expertise in recruiting, and most recently served as the national recruiting director at Security 1 Lending.

“JoAnna is a great addition to Open Mortgage. She reaffirms both our commitment to our retail presence, and to the reverse mortgage space,” said CEO Scott Gordon, in a written statement.

Last month, Open Mortgage rolled out a reverse mortgage wholesale channel, a move that followed the lender’s acquisition of the reverse origination arm formerly under 360 Mortgage Group.

Written by Emily Study

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