Security One Lending has hired former MetLife wholesale reverse mortgage director Peter Sciandra to run its wholesale and correspondent lending channels. Sciandra will serve as senior vice president, wholesale and correspondent lending in his new role.
In addition to the new hire, Security One also announced today that Rhiannon Behnke has been promoted to the position of Director of Business Development as well as elected to serve as executive director of Community One, Security One’s charitable community service arm.
“We believe the decision by Peter to join S1L further confirms our leadership in the reverse mortgage space and that our value proposition is relevant in this changing landscape,” said Tyler Larsen, Security One chief financial officer. “Peter has established a great reputation in the industry and he embodies the culture of S1L. He will help continue to shape our development as a company, and enhance our position in the industry as a service leader.”
Sciandra formerly served as a director for MetLife and led the company’s western wholesale reverse mortgage region. Upon joining Security One, Sciandra has more than 20 years of mortgage experience across wholesale, retail, capital markets, product development, operations and investor relations.
“Security One Lending has established a very dynamic business platform that, I believe, will provide me with the best opportunity to expand their well respected wholesale lending business,” Sciandra said.
Security One’s wholesale channel has grown over the past three years under the leadership of Behnke, who has also spearheaded Community One efforts.
“Rhiannon has been with our organization, and played a vital role, since the beginning stages of S1L’s development. She has run the wholesale lending division very successfully for S1L, and has demonstrated the skills and qualities that are integral in the growth of any organization,” said Torrey Larsen, President of Security One Lending. “We look forward to growing her role and involvement in other strategic initiatives in 2012.”
Security One’s wholesale channel currently comprises about half of its reverse mortgage volume at 899 wholesale loans over the past 12 months, according to the most recent data from Reverse Market Insight. Total volume over the past 12 months was 1,816 reverse mortgage loans.
Written by Elizabeth Ecker