Liberty Home Equity Solutions announced recently the hiring of Bill Thomas as its national Home Equity Conversion Mortgage (HECM) for Purchase manager, effective July 22.
As manager, Thomas will head an aggressive growth strategy for Liberty’s HECM for Purchase business, leading the company’s sales efforts with builders and real estate agents.
Before joining Liberty, Thomas was the national HECM for Purchase manager at MetLife Bank and played a large role in growing their Purchase program business. At the time, MetLife led the industry in market share for HECM for Purchase loans.
“We’re very happy to have a leader of Bill’s caliber join our business,” says Tim Frederick, Liberty’s retail leader. “His 30-plus years of real estate and financial service expertise, practical experience in growing a strong [HECM for Purchase] franchise and involvement in the builder community, will further accelerate Liberty’s growth plans in this area.”
Thomas will be based out of Allentown, Pa.
Liberty is currently experience a “sharp increase” in funded loans from new sources including financial planners, according to Frederick, who cited “solid planning, executive-level focus, and capital investment.” The company is planning to replicate that formula within the real estate community.
Written by Alyssa Gerace