Both Reverse Mortgage Funding (RMF) and iReverse Home Loans announced new hires this week that will strategically focus on key markets for their companies.

On Wednesday, RMF announced it has hired George Stewart as a reverse mortgage loan specialist to focus on the company’s Home Equity Conversion Mortgage (HECM) business in the Charleston, S.C. area.

In his role with the company, Stewart will be responsible for consumer education and generating HECM business, covering both the Charleston and Hilton Head territories.

Prior to joining RMF, Stewart served as a reverse mortgage consultant at American Advisors Group, and before that, he held the same position at 360 Mortgage. His tenure in the reverse industry began at Wells Fargo Mortgage, where he also served as a reverse mortgage consultant.

“George has a strong background in the reverse mortgage industry,” said RMF President David Peskin in a written statement. “We are pleased to have someone with his depth of experience come on board to represent Reverse Mortgage Funding in this important territory.”

iReverse Home Loans, a subsidiary of Hopkins Federal Savings Bank, also added new talent to its team, hiring mortgage industry specialist Stephen Scott Underwood to head the company’s new branch in Birmingham, Ala.

Underwood brings over nine years of mortgage industry experience to iReverse, which includes having worked directly with seniors to help beneficiaries fully understand their Medicare insurance benefits.

While Underwood will focus on providing service to seniors throughout Birmingham, iReverse notes that he is authorized to assist families nationwide.

“I have always enjoyed working with seniors. I take pride in how I am able to patiently explain benefits and choices in a way that puts my clients at ease,” Underwood said in a written statement. “My own parents have a reverse mortgage so I know how important it is to help seniors to understand their options.”

Written by Jason Oliva