Seattle Mortgage Brings Hulbert Back to Run Reverse Business

201003041945.jpgSeattle Mortgage Company announced it named Sarah Hulbert as Senior Vice President of reverse mortgages. In her new role, Hulbert will oversee the company’s reverse mortgage business.

“We are very pleased to have Sarah’s leadership and extensive knowledge of this business back at Seattle Mortgage Company,” said Les Bedford, the mortgage company’s executive vice president. “Consumers are growing in their understanding of reverse mortgages, which are fast coming into the mainstream of mortgage products and are essential offering for financial institutions in this marketplace.”

Hulbert was previously with Seattle Mortgage Company from 2000 to 2006, serving as senior vice president and national director as the company’s reverse mortgage operation grew to become the third largest originator in the nation before it was sold to Bank of America in 2007.

Most recently, Hulbert was owner and CEO of Senior Financial Corp., a reverse mortgage broker licensed in six states. All of the employees from Senior Financial Corp will be joining Hulbert at Seattle Mortgage Company along with 13 other reverse mortgage originators said a company spokesperson.

Currently the company is originating in WA, OR, ID, CA, and NV but plans to expand into additional states as it develops its retail channel. The company endorsed 94 HECMs in 2009. You can see their listing for additional data and other companies at Reverse Base.

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