One Reverse Mortgage has a new CEO leading the company after its original founder Sean Marsh left the company. We just caught wind of this news, but Jay Farner was named as CEO on July 1st.
Quicken purchased One Reverse Mortgage in 2008 for an undisclosed sum and quickly became one of the largest reverse mortgage lenders in the country. The company has been on a tear with volume up 929% compared to last year, endorsing 2038 HECMs YTD according to RM Insight.
Prior to joining One Reverse, Farner was the head of Quicken Loans Web Mortgage Banking group. In that role, he helped grow Quicken Loans into the nation’s largest online retail lender, sixth largest FHA lender and one of the five largest retail lenders in the country said a company spokesperson.
RMD asked why Marsh decided to leave the company and was told that he left to pursue other opportunities.
