1st Reverse Adds New Regional Director of Retail Reverse Mortgage Division

1stRevFS-WSFS 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 the Mississippi river.

“Bob Wallace is one of the key components to our national retail strategy”, said David Cesario, Executive Vice President of Sales and Marketing for 1st Reverse. “He is a proven leader with a great following in the industry. We look forward to working with Bob and the team he is creating.”

Wallace brings over 30 years of mortgage lending experience to 1st Reverse.  For the last four years, Wallace was the retail manager for the Great Lakes Region of Financial Freedom.  Prior to this he founded the Midwest One Mortgage Service/Midwest Bank Group, served with the Federal Deposit Insurance Corporation (FDIC) and Resolution Trust Corporation (RTC) and has held other high level sales and management positions.

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