Iwayloan Expanding Into Reverse Mortgage Business

NewImage.jpgIwayloan announced it has added Jonathan W. Fowler as Director of National Product to direct the expansion of the company through retail branch offices.  The Houston, TX based lender said it plans to broaden its presence in new markets over the next twelve to eighteen months, including the reverse mortgage business.

“We believe top quality mortgage originators are looking for a stable, high quality mortgage lender that has the experience and capability to underwrite, close and fund their deals. We have been in business since 1998 and now we are well positioned to grow,” said Iwayloan Managing Director Larry Lobb. “We are extremely pleased to have someone with the experience and background of Jonny Fowler moving us forward.”

Fowler previously served as  Senior Vice President of Allied Home Mortgage where he was in charge of national production, product development and recruiting.  “Iwayloan is a great company with great people. I have never seen more commitment to quality and service, and I look forward to expanding the company presence,” said Fowler.

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When asked about plans to grow the company, Mr. Fowler said, “the most important thing is to attract only the very best branch managers and originators, and to do that we have to provide them with superior service in all phases of the process, from origination through underwriting, closing and funding.”

The company told RMD it’s currently brokers all of its reverse mortgage business, but is in the process of transitioning into a banker with Reverse Mortgage Solutions.

“We want to bring it in house to be able to provide them for our customers,” said Fowler in an email. The company said it has offices coming on now that specialize in the product but is also looking to add additional people with reverse mortgage experience.

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