Today, 1st Reverse Financial Services announced the launch of its new E-Retail Reverse Mortgage Center to help leverage its originators out in the field, call center, and internet based loan origination activities. Located outside of Cleveland, Ohio the center is managed by Pamela Burkett and staffed with several experienced reverse mortgage lending professionals.  The office [...]

1st Reverse Financial Services, a subsidiary of Wilmington Savings Fund Society, FSB (WSFS Bank), continues to expand its retail presence in the reverse mortgage marketplace with the addition of Tim Linger as Mid-Atlantic Retail Sales Manager. The addition of Linger comes just a few days after 1st Reverse hired Robert Wallace to head their retail [...]

1st Reverse Financial Services, a subsidiary of Wilmington Savings Fund Society, FSB (WSFS Bank) continues to grow its retail footprint with the addition of Robert Wallace as its Eastern Region Director of Retail Reverse Mortgage Lending.  Based out of its Westmont, IL headquarters, Wallace will manage all of 1st Reverse’s retail lending operations east of [...]

1st Reverse Financial Services, a subsidiary of Wilmington Savings Fund Society, FSB announced that Roger Cresswell has joined the company as the head of it’s Southeast Regional Retail Group.  Based in 1st Reverse’s Florida location, Cresswell will help expand the company’s retail footprint by adding another 60 retail originators in the next few months.   Cresswell [...]

This week 1st Reverse Financial Services announced that it has hired two new executives to help expand their growing wholesale lending business.  Jack McGovern will be their Southwestern Regional Director of Correspondent Lending and Jamie Longe will serve as the Northeastern Regional Director under the direction of Jeanette Heller, 1st Reverse’s First Vice President. “We [...]

Today 1st Reverse Financial Services announced that they have updated their HECM Pathway™ program which is designed to assist borrowers in hardship situations where they receive little to no proceeds after settlement.  The product can also be used if borrowers are short on funds to close and are required to bring funds to settlement. Originally [...]