Live Well Financial announced today it has hired former MetLife regional wholesale manager Patrick Fay to help growth in its reverse mortgage wholesale and correspondent lending channels. Fay, who served as eastern regional director for MetLife’s reverse mortgage wholesale and correspondent lending brings six years of reverse mortgage experience among more than 25 years in the mortgage business.
With Fay’s leadership as vice president of reverse mortgage correspondent lending, Live Well is working to grow those business channels.
“Patrick brings an in-depth understanding of correspondent lending to the Live Well Financial team. His industry contacts and ability to recruit responsible business partners together with our status as an active GNMA HMBS issuer should be a winning formula to expand our production in a prudent manner,”
said Michael Hild, chairman and CEO of Live Well Financial.
Live Well received Ginnie Mae approval in 2012 and has since begun issuing reverse mortgage securities totaling more than $500 million. The company is aiming for growth across business platforms with the new hire helping to boost that presence.
“[Patrick’s] success at growing the MetLife wholesale and correspondent business will be invaluable to our company as we continue to provide
our customers with our simple business proposition of competitive pricing ,best in class service and no hassle underwriting,” Hild said.
Written by Elizabeth Ecker