1st Reverse Mortgage USA Shifts Executive Leadership Roles

Top-10 industry lender 1st Reverse Mortgage USA, a division of Cherry Creek, is reworking its executive team, the company announced Monday.

The strategic changes in leadership will work toward the company’s long-term goals of realigning the business and continuing to drive growth, 1st Reverse Mortgage USA said in announcing the changes. Further, the changes are aimed at driving efficiency and alignment among sales, operations and customer segments, 1st Reverse Mortgage USA Vice President Dan Harder said.

“I am extremely excited to announce our changes to the executive team and to be surrounded by some of the greatest leaders within our industry,” Harder said. “This group of experienced industry veterans joins me in setting and achieving breakthrough targets that will strengthen services to our customers and enhance our place in the market.”

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Among the new roles, Tim Harder will serve as vice president of business development where he will oversee corporate accounts and is tasked with the new responsibility of retail direct and coordination liaison for more than 50 Cherry Creek branches. He will also work to build and manage the company’s reverse mortgage recruitment program including targeting, retaining and training consumer and business-to-business reverse mortgage specialists. Tim Harder has been with the company for more than 10 years.

David Brindley will serve as correspondent-wholesale business development manager, to which he brings more than two years with 1st Reverse Mortgage USA and more than 30 years in financial services. Additionally, Brindley serves as part of the company’s capital markets group.

Sarah Hulbert will move to the role of quality assurance officer, bringing more than 22 years of experience in the reverse mortgage industry including expertise in compliance, retail and wholesale originations, servicing, operations and industry relations. She will continue to work with the executive team in her new role with new responsibilities coordinating compliance and regulatory policies and guidance, reviewing and monitoring of existing policies and procedures, third party originator internal controls, vendor management, quality control, licensing, human resources and other compliance-related tasks and projects.

“The executive team will focus the entire company on a single strategy to continue to improve our capabilities and efficiencies in all areas as well as working together with more collaboration around our strategic goals,” Dan Harder said.

1st Reverse Mortgage USA recently announced its approval to issue reverse mortgage-backed securities, or HMBS, as well as goals toward growing the Reverse Mortgage for Purchase market nationwide.

Written by Elizabeth Ecker

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