In recognizing the time, efforts and resources of individuals who have left—and continue to leave—a mark on the reverse mortgage industry, the 14th annual Reverse Mortgage Day of Texas this week honored Reverse Mortgage Funding’s Joe “Tex” DeMarkey with the Jim Mahoney Distinguished Service Award.
DeMarkey, who has led several reverse mortgage divisions including that of including MetLife and most recently through his role as a principal member of Reverse Mortgage Funding, has long worked toward industry initiatives both in states including Texas, and Washington, D.C.
“The award is given to someone who gives more to the industry than he gets back,” says Scott Norman, National Retail Sales vice president for Urban Financial of America. “In his years in the reverse mortgage business Joe has exemplified this.”
DeMarkey has worked for reverse mortgage legislation on the state level, as well as the national level, with his work spanning several initiatives this year and in years past, Norman says.
“His work can’t be boiled down to one, or even a few, achievements,” Norman said.
The Jim Mahoney Distinguished Service Award is granted annually to the individual who has contributed significant work to the reverse mortgage industry in the past year. Past recipients of the award include Al Alsup, Jim Milano, Peter Bell and John Fleming.
This year’s Reverse Mortgage Day of Texas garnered its second-largest attendance to date, reporting an uptick in first-time attendees and reverse mortgage newcomers.
Written by Elizabeth Ecker
