1st Reverse Continues Retail Reverse Mortgage Expansion

1stRevFS-WSFS 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 operations out east.

Over the past two months, 1st Reverse has grown over 70% through key retail management additions along with its successful recruiting program.  “Our emphasis on support, training and a ‘concierge’ level of service for our customers is attracting some of the reverse mortgage industry’s top talent” said Ralph Rosynek, President of 1st Reverse.  “Even with this significant increase in our retail presence, our programmed growth plans include additional retail reverse mortgage originators in many areas throughout the nation; including the West and Southwest” said Rosynek.

Linger has15 years of experience working with seniors and spent the last 8 in the reverse mortgage business.  Prior to joining 1st Reverse, Linger was the retail sales manager for the Southeast and Capitol Regions of Financial Freedom Senior Funding Corporation. 

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“Tim Linger has a proven track record of recruiting, training, and mentoring a strong successful reverse mortgage sales force”, said David Cesario, Executive Vice President of Sales and Marketing for 1st Reverse. “Tim had set many reverse mortgage sales records with his former employer and we feel fortunate to add someone with Tim’s tremendous experience to our management team.”

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