Live Well Financial has announced the hires of several reverse mortgage executives along with the acquisition of new branch partners and the introduction of a new wholesale broker advantage platform.
As one of the reverse mortgage industry’s leading Ginnie Mae HMBS issuers, the Richmond, Va.-headquartered company made several new hires to expand its lending opportunities for closed loan sellers, wholesale brokers, and new branch partners.
Former Silvergate Bank executive Bruce Barnes, who joined Live Well in September as executive vice president, has hired Josh Moran, Jim Cory, Todd Ausherman, Nelson Locke, and Jon Gordon to implement the planned expansion.
Moran joins Live Well from his previous position as senior account executive with Urban Financial Group. His new title is vice president of wholesale lending at Live Well with responsibilities for overseeing and growing the wholesale and principal agent platform.
Cory, who was most recently CEO of Legacy Reverse Mortgage, has joined Live Well as senior vice president of sales and marketing responsible for expanding the company’s reverse and forward lending opportunities. He will also represent his new company as the recently re-elected vice chair of industry trade group the National Reverse Mortgage Lenders Association.
Ausherman, former COO of Legacy Reverse Mortgage, has been hired as vice president of retail lending and brings with him the Legacy Reverse origination and processing team with the goal of expanding Live Well’s retail lending platform.
Locke and Gordon are leaving their respective posts as CEO and president of Value Financial to merge their mortgage banking operation with Live Well. The two have been hired to expand Live Well’s enterprise lending opportunities with reverse and forward mortgage loan originators and brokers.
“The last few months have been a whirlwind of meetings and negotiations to assemble a management team of this caliber. These acquisitions are the first important steps in the process of expanding the company’s footprint and making Live Well the premier reverse mortgage lender in the industry,” said Live Well EVP Barnes. “This is a tremendous team of individuals that are well respected, knowledgeable and fun to work with and I feel fortunate to have them on the Live Well team.”
Live Well Financial ranked 86th on Reverse Market Insight’s Top 100 reverse mortgage lenders list with 57 loans through October 2013.
Written by Alyssa Gerace