EquiPoint Financial Network (EFN) announced it has partnered with private investor Michael White and Hibernia Capital Advisors to enhance the company’s capitalization, management and strategic planning efforts.
Hibernia Capital Advisors and its principals bring an extensive knowledge of banking, investment and management expertise that will be used to help the company expand its reverse mortgage platform said Bruce Barnes President of EFN.
“We are very optimistic about the opportunities that exist in the reverse mortgage industry and we believe EquiPoint has a growth strategy in place to take advantage of them,” said Michael White, private investor in EFN.
“EquiPoint plans on expanding its corporate lending platform and catering to top producing reverse mortgage advisors. The company’s goal is to have the highest loan to agent ratio in the industry by the end of 2010. We plan on achieving this goal through our proprietary marketing systems, technology and administrative support systems that make it easier for advisors to originate and close reverse mortgages” states Barnes.
The San Diego, CA based reverse mortgage lender is also working on a new marketing campaign which will be based around helping customers better plan for the future using the slogan, “Smart Planning & Peace of Mind”.
Details of the investment made in EFN were not disclosed.