Cherry Creek’s 1st Reverse Mortgage USA announced today that Sandy Tennekoon, former managing director for Reverse Mortgage Solutions has joined the company’s wholesale correspondent division.
Based in Lakewood, Colorado, 1st Reverse Mortgage USA has recently made waves through its efforts to partner with homebuilders on the HECM for purchase product. Earlier this year, the company received Ginnie Mae approval to issue HMBS through the securitization program. It subsequently shifted its executive leadership roles and realigned its sales department to prepare for future growth.
In her new role as wholesale correspondent sales manager, Tennekoon will oversee the management and growth of 1st Reverse Mortgage USA’s wholesale and correspondent channel, including development and management of accounts. She is joining David Brindley who currently serves as national correspondent wholesale development manager.
“As a mortgage banker we are continuing to focus and build on our ‘Tradition of Trust & Training’,” said Dan Harder, Vice President, 1st Reverse Mortgage USA. “I am excited to have Sandy join us as she fully embraces our philosophy and has developed successful national wholesale and correspondent sales teams in the past. In addition, Sandy has incorporated ReverseVision into her client services and systems approach. Through a higher level of understanding, training programs and the use of ReverseVision; we believe our people develop strong relationships with our clients and keep them very satisfied with their service experience.”
Tennekoon brings more than 12 years of experience in wholesale lending, operations and business development including positions with Urban Financial Group, Wells Fargo and Money House.
“Sandy’s focus and talent will accelerate the already strong sales growth in our wholesale and correspondent division,” Harder said. “Her respective knowledge and commitment to client service are critical in contributing to our aggressive growth plans.
Further, Harder noted 1st Reverse Mortgage USA’s commitment to providing reverse mortgage solutions in conjunction with forward solutions under Cherry Creek.
“The mortgage banking landscape is changing rapidly we believe in providing products that meet the needs of our clients,” he said.
Written by Elizabeth Ecker