Urban Financial Group announced Monday that it has hired former MetLife manager Ken Sawan as vice president of retail sales. Sawan will work toward Urban’s expansion efforts in his new role, the company said in a press release.
“Ken has extensive knowledge and experience in all areas of origination, processing and leading professionals within the senior community,” said Sherry Apanay, managing director of sales for Urban. “We are excited to add his depth of experience and leadership to our growing team.”
Sawan brings more than 20 years of reverse mortgage experience including his most recent position as assistant vice president and regional manager of the Great Lakes region for MetLife Home Loans. He also has worked with Unity Mortgage Corp and Financial Freedom Senior Funding Corporation.
Urban is positioned to become the largest reverse mortgage lender by volume upon the exit of MetLife from the business last week. The company has closed 8,137 reverse mortgage loans over the last 12 months, according to data from Reverse Market Insight. It already holds the position of largest reverse mortgage wholesaler by volume.
Written by Elizabeth Ecker