Industry veteran Sarah Hulbert joins the Seattle-based team of 1st Reverse Mortgage USA to lead its retail business development.
Hulbert, who served as senior vice president, reverse mortgages for Seattle Mortgage prior to its leaving the reverse mortgage business in February, also spent time as president and CEO of Senior Financial Corporation, and directed the wholesale business of Everbank Reverse Mortgage. She has 18 years of experience in the business of reverse mortgages.
In February, upon Seattle Mortgage’s announcement that it would close its reverse mortgage division, Hubert told RMD she hoped to find the team a new home as a part of a different lender.
While it is unclear whether Hulbert will bring her team from Seattle Mortgage, a company spokesman told RMD that one of Hulbert’s first responsibilities will be to evaluate personnel and resources available in the Seattle area to meet the goals of new growth and business development for 1st Reverse Mortgage USA.
“I’m excited to be joining 1st Reverse Mortgage USA,” said Hulbert in a company press release. “It is estimated that nearly 10,000 people a day in the United States are turning 62 years of age. Today’s economic challenges are hitting the senior population the hardest. It is clear that 1st Reverse Mortgage USA is well positioned to educate and help these seniors. I am looking forward to applying my experience and background to this worthwhile endeavor.”
1st Reverse Mortgage USA is a division of Greenwood Village, Colo.-based Cherry Creek Mortgage Company, which closed 251 reverse mortgage loans in 2010.
Written by Elizabeth Ecker