MSI Reverse Hires DeWolf, Eyes Growth Nationwide

MSI Reverse, a division of Oak Brook, Illinois-based Mortgage Services Ill., has announced expansion efforts including the new hire of Kelly DeWolf as area sales manager as well as originators in California, Colorado and Wisconsin. 

DeWolf has worked previously for MetLife Bank and Wells Fargo with experience both as an originator and sales manager. He is tasked with growing MSI Reverse’s presence across the Great Plaines and Western territories. 

“The additional of Kelly Dewolf to the MSI Reverse team is another example of MSI Reverse’s ability to attract top reverse mortgage professionals by providing the stability of a bank-owned platform combined with outstanding support tools and the ability to lend in over 40 states”, said David Cesario, National Sales and Production Manager at MSI Reverse.

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The addition of several new originators are part of the company’s strategic growth plans, in targeting specific markets nationwide. 

“As part of MSI Reverse’s strategic growth initiative, we will continue to build our team with the right reverse mortgage professionals in key markets,” Cesario said. “Those who come to understand the power that our lending platform provides will enjoy enhanced and expanded opportunities to grow their businesses. We project our next growth areas to be in the South and Southeast areas of the country.”

Written by Elizabeth Ecker

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  • With only 13 endorsements last month and 146 for that month plus the prior 11 months, well, there is a lot of room to grow. That is not even one loan per state per month on average.

    While Kelly might bring growth, so few loans per month and expectations of substantial loss in lender revenues this fiscal year does not present a rosy picture.

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