RMD has learned that Jeff Taylor is no longer the Chairman of Reverse Market Insight, a data provider to the reverse mortgage industry.
Taylor, a veteran to the industry “retired” in 2009 from his position as the head of Well Fargo’s reverse mortgage division. About a month later he joined RMI as their Chairman to help expand their consulting business and build RMarket, a proprietary data repository.
“We made the transition to allow Jeff to consult with clients who had requested his services in a capacity outside our scope as an independent third party resource for the industry,” said John Lunde, President of RMI. “It was a mutual decision on the best way to serve clients of both Jeff and RMI.”
Lunde added that Taylor will remain an outside consultant to the company. Part of Taylor’s job was to help expand the data repository, which prior to his arrival had 15% of the industry participating and now RMI estimates it’s close to 45%. “We’re continuing to work together on repository, so will keep pushing that up from here,” he said.
In an email to RMD, Taylor said that he will be expanding his consulting through Wendover Consulting, Inc. and that RMI would be a client. “We will still work together to promote the NRMLA and the RMI data repository for NRMLA members and the reverse mortgage industry,” he said.