RMS Hires Bob Scott As New Vice President of Wholesale

Reverse Mortgage Solutions (RMS) this week announced it has hired industry veteran Robert “Bob” Scott to run the company’s national wholesale channel. In his role as vice president of wholesale, Scott is tasked with expanding the RMS wholesale and affinity partner channels under the leadership of Ralph Rosynek, who has been promoted to senior vice president and national production manager. 

Prior to working with RMS, Scott served as national wholesale executive for Genworth Financial Home Equity Access as well as Financial Freedom. 

“We are excited to bring Bob on to direct our national wholesale channel. His many years of industry service and commitment to brokers and bankers are supported by a wealth of knowledge, expertise and established relationships. Bob fully aligns with our market focus,” Rosynek said. “Bob will deliver a complete product, fulfillment and education premium resource
experience to our partners.”

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In addition to being one of the largest reverse mortgage servicers, the company is currently among the top Ginnie Mae HMBS issuers, and credits its wholesale channel for fueling issuance. 

“Our wholesale channel will allow us to leverage our Ginnie Mae issuance capacity as well as further complement our current aggregation and correspondent lending strategies” said Michael Kent, president of the RMS Lending Division.

RMS has been a reverse mortgage servicer for more than five years, and entered the origination side of the business in 2009. It now has channels spanning aggregation and correspondent lending, as well as REO asset management and technology products. With few Ginnie Mae issuers in the market currently after the departures of Wells Fargo, Bank of America and MetLife from the business, RMS says it sees an opportunity to grow its existing business channels and Ginnie Mae issuance. 

“As an industry leader, we see our role and commitment as key factors in continuing to support the nation’s senior Americans in their goal of remaining in their home and achieving financial
independence.” Growing the access and delivery channels for the HECM product through new and existing broker and banker relationships is key in delivering on this commitment” Kent said.

Written by Elizabeth Ecker

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  • Like other industries which experience significant changes in industry members, the real challenge is in tracking changes in personnel. Some days it seems like updating contact information is the major project of the day.  Industry members may change but participants rarely do unless the industry is downsizing or contracting (oops).

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