Former MetLife reverse mortgage executive Robert Sivori has joined Security One Lending as executive vice president, the company announced today.
The announcement comes following the hiring of former MetLife reverse mortgage wholesale team, which the company said will aid in expanding operations from Security One’s base in San Diego to the East Coast.
In his new role, Sivori will oversee loan production and East Coast operations, and will manage strategic marketing.
Previously, Sivori served as vice president of MetLife’s reverse mortgage division before the insurance giant announced it was getting out of the business in April. He was tasked there with growing MetLife’s third party channels. As executive vice president of Security One, Sivori will work with senior vice president Mike Mooney to transition MetLife’s former East Coast operations and former clients to Security One.
“Over the course of his career, Bob has emerged as a leader in the mortgage industry,” said Torrey Larsen, president and CEO of Security One. “During this time of growth and expansion at Security One, Robert’s years of experience make him a valuable addition to our leadership team. There is no question that he is well suited to help position the company for further success.”
Prior to his work for MetLife, Sivori was co-president of EverBank Reverse Mortgage. The company was purchased by MetLife in 2008. Previously, he worked for BNY Mortgage Company, servicing in previous roles including company president.
Sivori currently serves as director of the board of the National Reverse Mortgage Lenders Association, and has served on the board for eight years.
“I am excited to join Security One at a time of such significant growth for the company,” said Sivori. “Security One is highly respected in the industry, and the transition has been smooth because its culture and reasons for being in the business are exemplary. I look forward to working with this team.”
The company closed more than 2,200 reverse mortgage loans over the past 12 months, according to data from Reverse Market Insight.
Written by Elizabeth Ecker
