Reverse Mortgage Solutions (RMS) CEO Bob Yeary announced today that he will step down from his position on January 1, 2012. Yeary will maintain his post as RMS’s Chairman of the Board of while Marc Helm will take over the CEO position, in addition to maintaining his title of President.
Both Helm and Yeary were founders of the reverse mortgage company in April 2007, which has evolved from its origins as a provider of loan servicing and sub-servicing technology into an originator, servicer, and provider of technology, REO asset management and Ginnie Mae securitization. Earlier this year, RMS launched a reverse mortgage call center at its Spring, Texas headquarters. Yeary has served as RMS CEO through the transition and launch of the new business channels, rounding out more than four decades in the mortgage business.
“Marc and I have had one of the truly great partnerships in this business over the last four years and one that beautifully caps the 44 years I have enjoyed in the mortgage finance sector,” Yeary said. “I will continue to be available to assist my business partners Marc Helm and Kevin Gherardi, as needed, and I will continue to represent RMS on the boards of both NRMLA and CIS. I will now also have some time to work on The Nancy Yeary Ovarian Cancer Foundation.”
Yeary served as president and CEO of Unifirst Financial Corp. prior to founding RMS and has also held positions with Orion National Equity, Bomac Capital and as a partner at Mason-McDuffie Co.
Written by Elizabeth Ecker