Network Funding Expands Reverse Mortgage Business With New Hire

image Network Funding has appointed David Cook as its new manager responsible for promotion of reverse mortgage products throughout their 257 branches in 16 states said a company statement.

“We are very fortunate to have a mortgage banking veteran like David join our team,” said Tommy Orr, Chief Operating Officer for Network Funding.  "He brings with him over 40 years of mortgage banking experience with the past 6 years focused on assisting senior home owners with this FHA product.”

The Houston based reverse mortgage lender has been originating HECMs for about 5 years, but Cook will provide the focus and passion required to provide much needed assistance to senior home owners in the states where we are doing business said Orr.

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Prior to joining Network Funding, Cook held wholesale and retail management positions with Financial Freedom, Senior Lending Network and SWBC Mortgage.

According to data from HUD, Network Funding endorsed 178 HECMs in 2009.