FirstBank Mortgage Partners this week announced the hire of Ed O’Conner to join the bank’s reverse mortgage sales force and lead a charge toward expansion in the northeastern United States.
O’Connor bring experience most recently from Nationwide Equities, and has worked previously for Generation Mortgage as well as holding the position of president for his own reverse mortgage company, Advanced Funding Solutions, based in New York.
FirstBank, based in Tennessee, launched its reverse mortgage division in 2012 with the hire of 21 former MetLife and Wells Fargo reverse mortgage employees. Since then it has been hiring steadily for growth among its reverse team.
“Having a Bank behind you is a tremendous asset in terms of your ability to do business, on many different levels” says O’Connor. “We are a good match in terms of how we think and the experience levels we bring together, so there is a tremendous synergy.”
The company is seeking experienced and independent originators in its ongoing growth efforts. It has closed 43 reverse mortgage loans to date in 2014 according to the most recent tally by Reverse Market Insight.
Written by Elizabeth Ecker