The National Council on Aging (NCOA) has announced today a new director of the its Reverse Mortgage Counseling Services Network.
Amy Ford will fill the role as Director to lead NCOA’s network of counselors help older adults understand not only the cost and features of various types of reverse mortgages, but also evaluate the pros and cons associated with them.
NCOA is one of nine reverse mortgage counseling intermediaries approved by the U.S. Department of Housing and Urban Development (HUD) that offers the education and guidance required for all borrowers considering a reverse mortgage.
Before NCOA, Ford worked as a reverse mortgage program specialist at NeighborWorks America, facilitating the administration of reverse mortgage training to counselors nationwide, both online and at events.
“She brings a deep understanding to the critical importance of consumer protections and counseling for older adults who are considering a reverse mortgage,” said Nora Dowd Eisenhower, senior vice president for economic security at NCOA. “We look forward to Amy leading NCOA’s work to ensure that seniors make smart decision about how to use their home equity.”
The organization also reports the resignation of Dr. Barbara Stucki as former Vice President, Home Equity Initiative for NCOA.
Stucki leaves NCOA to head a new start-up company called NestCare FPC, which is developing a new equity access product for middle-income seniors. NestCare’s product looks to help seniors who want to age in place and will not be a reverse mortgage.
“Our Mission is to use financial capital to leverage social capital so that seniors whose home is their main asset are better able to age in place,” writes the company’s web page.
NCOA announced her replacement as Ramsey Alwin, the company’s Senior Director for the Economic Security Initiative.
Written by Jason Oliva