Following its late 2013 and early 2014 new product releases, Reverse Mortgage Funding is ramping up its retail presence in the reverse mortgage market and has hired Patrick Lambrecht as retail operations leader for the company.
In particular, Lambrecht will focus on the Home Equity Conversion Mortgage for Purchase and private label channels for RMD, two key growth areas according to RMF. He will report to Michele Zachensky, a MetLife veteran and operations executive for the relative newcomer to the reverse mortgage space.
“Patrick is a great talent and we’re happy he is joining us. I’m glad to have landed him on my team,” Zachensky said of the new hire. “He brings with him 20 years in the mortgage industry, with particular expertise in retail, operations and sales. He knows retail operations very well and will be a tremendous asset to us.”
Lambrecht brings reverse mortgage experience, most recently as a vice president for Security One Lending. Prior to his work with S1L, he served as director of MetLife’s retail operations and as assisted vice president at World Alliance Financial Corporation.
“I’m looking forward to joining this dynamic team and helping add to the great body of work already accomplished,” Lambrecht said upon joining RMF.
The company is continuing its hiring efforts in the midst of assembling a growing team of professionals. RMF has targeted growth through the launch of new products including the HECM Choice, which the company says it will continue to offer in a slightly modified form following securitization rule changes announced this month by Ginnie Mae.
Written by Elizabeth Ecker
