Just a few weeks after being acquired by  Wilmington Savings Fund Society, FSB (WSFS Bank), 1st Reverse  announced that Dennis Thomas has been added to their senior management team as the company’s new Chief Financial Officer. In his new role, he will be responsible for all fiscal matters and reporting activities for 1st Reverse.
“Earlier this […]

Reverse mortgage lenders are hot right now. Even with all of the negative press our industry has received over the past few months, companies are still acquiring reverse mortgage lenders. I cant say I’m surprised either… as we all know succeeding in the reverse mortgage business requires a different approach than the […]

Late last Friday, WSFS Financial Corporation (WSFS) announced that they had purchased a majority stake in 1st Reverse Financial Services, LLC from Family Federal Savings of Illinois.
According to the press release, Mark A. Turner, WSFS President and CEO said, “WSFS has almost 15 years of success with reverse mortgages. More recently we have had success […]