Reverse mortgage lender New American Funding this week announced the company has named Ellen Skaggs as Reverse Mortgage Regional Manager.
Skaggs has served previously in leading the reverse mortgage department as both an originator and mortgage industry veteran.
In 28 years, Skaggs has closed more then 3,500 loans, New American Funding says, spanning reverse mortgages, Federal Housing Administration-insured loans, Veterans Administration and Conventional loans.
In her new role with the company, Skaggs will focus on growth; she has worked recently to hold workshops for Realtors in educating them on the reverse mortgage for purchase and also serves as co-chair of the National Aging in Place Council of Orange County, Calif.
With respect to the reverse division, Skaggs plans to broaden its reach first through education.
“As a full service mortgage banker, we take this division very seriously, and we want to make sure seniors receive the proper education to make informed choices,” Skaggs said in a company press release.
New American Funding is based in Tustin, California. The company closed 92 reverse mortgages in calendar year 2013, according to the most recent lender rankings by volume compiled by Reverse Market Insight.
Written by Elizabeth Ecker