MetLife Bank Adds Stephen Eastman to Reverse Mortgage Division

March 31st, 2010 | by John Yedinak Published in MetLife, News, Reverse Mortgage | 6 Comments

MetLife Bank announced that Stephen Eastman of Raymond, ME has joined the company as a Reverse Mortgage Consultant for Maine and New Hampshire.

“I am excited to have Steve join the MetLife Bank family, to help meet the needs of a growing number of consumers in northern New England who are considering whether a reverse mortgage is a good fit for their retirement needs,” said Eric P. Declercq, vice president of MetLife Bank.

“Reverse mortgages can enable many Americans to live comfortably in their homes during their retirement years. However, it takes an individual with a great deal of specialized knowledge to help people make the best, most informed decisions. Steve has these qualities, and makes an excellent addition to the MetLife Bank team.”

Prior to joining MetLife Bank, Eastman worked for 8 years as a Reverse Mortgage Specialist for Financial Freedom, helping hundreds of seniors learn about reverse mortgages said the company.

He has owned and managed several businesses in Maine, and graduated from Husson College in Bangor, ME with a degree in Business.

According to data from the US Department of Housing and Urban Development, MetLife has endorsed 137 HECMs during FY 2010.

Looking for more data on MetLife? Check out the MetLife listing on ReverseBase.

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The_Critic

Wow!! There really must not be much news today if RMD is reporting on the addition of a new originator. He may be a great guy with a lot of credentials but there should be bigger stories out there than this.
http://www.timlinger.com timlinger

Stephen Eastman is a great guy and a fantastic producer. It does seem strange to have an LO make headlines (I agree). MetLife is very lucky to have Stephen on their team. I am surprised that Stephen didn't take a regional role. Maybe because one can help more people (and make more money) as an originator. Who's next to leave FF? …Maybe the better question is – who's left?!
johnqpublic

I think there's more to this story than the critic is giving credit for, if you read between the lines. Why is an 8 year FF veteran leaving now? It's not like Met is burning up the endorsement reports.
Fred

The “real story” is that MetLife took an eight year veteran from Financial Freedom and the impact MetLife's agressive recruiting is having on the industry.
The_Critic

John,

You, Fred, and Tim could be very right.

However, people do move around in the industry with great frequency. Many more are leaving the industry. A few years ago we had a 14 year originator join our firm. He did not leave his old employer over anything other than compensation and getting on the ground floor of a new opportunity in a much smaller environment.

I just think there was no big news that day other than this story. But you three make some very good points. Good job!!!
Anonymous

John,rnrnYou, Fred, and Tim could be very right. rnrnHowever, people do move around in the industry with great frequency. Many more are leaving the industry. A few years ago we had a 14 year originator join our firm. He did not leave his old employer over anything other than compensation and getting on the ground floor of a new opportunity in a much smaller environment.rnrnI just think there was no big news that day other than this story. But you three make some very good points. Good job!!! rnrn

MetLife Bank Adds Stephen Eastman to Reverse Mortgage Division

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