Urban Financial Group has hired former Genworth account executive Ryan Menerey to join its wholesale lending team, Urban announced today. Menerey joins Urban from his most recent position as regional account manager for Genworth Financial Home Equity Access, where he managed West Coast production. “We were looking for someone to help us as we continue [...]

Urban Financial Group notified its wholesale partners this week that it is seeking feedback on proposed financial assessment guidelines for its reverse mortgage borrowers. In a memo obtained by RMD, Urban outlined the draft of proposed guidelines for borrowers and is seeking comments between now and January 27. The company has not indicated any time [...]

Whether it was the sad slow demise of Financial Freedom or the shocking exits of Bank of American and Wells Fargo, the last year has been a rough one on the reverse mortgage industry. While 2011 was about the loss of industry-defining reverse mortgage brands, the next 12 months will be about building the next [...]

The last two years have been a crazy time for Urban Financial Group. After Knight Capital Group’s acquisition of Urban in 2010, the company has been on a tear, growing from about 50 employees to more than 100 in a short period of time. Now, about a year and a half after the deal closed, [...]

Urban Financial Group announced today the appointment of a new managing director, former Generation Mortgage CFO Steven McClellan. McClellan will serve as Urban’s president and CEO. “Steve has a strong track record of financial and operational expertise,” said Robert Lyons, senior managing director of Knight Capital (NYSE: KCG ), Urban’s parent company. “With his management experience in [...]

Reverse mortgage TV ads have long been the driving force behind building awareness for the loans as well as educating the general public about the ins and outs of the products. Those advertisements often hinge on the voice of a celebrity spokesperson, as in the case of Robert Wagner (Urban Financial) or Fred Thompson (American [...]