Growing reverse mortgage lender Reverse Mortgage Funding is expanding its western sales force with the hire of Eric Ellsworth as Western Regional Sales Leader for Retail Distribution.
Ellsworth brings 13 years of mortgage industry experience; six years of which have been spent working in the reverse mortgage market.
In his new role with RMF, Ellsworth will work toward driving sales growth in the western states, utilizing experience in building and optimizing sales teams. The company plans for Ellsworth to hire 20 western state agents by year-end. He will report to Richard Thorpe, RMF National Retail Sales Channel Leader.
“For the past few months we have been building and then fine tuning all the behind the scenes initiatives that enable a sales team to be successful,” Thorpe said. “With our back end optimized and our East Coast team hired, trained and producing, we can now execute on our West Coast phase.”
The company says it is hiring for the western positions currently, with Ellsworth rounding out the national retail sales team leadership.
“Eric is a great talent and we are lucky to have his help driving our rapid growth,” said Thorpe. “We have truly been fortunate to attract some of the best, most experienced talent in the industry and we hope to continue that success.”
Most recently, Ellsworth worked as a divisional sales manager for Liberty Home Equity Solutions. He says he will use the experience building sales team to help grow RMF’s presence in the western states.
“I’m looking forward to replicating that success out West and working with this world-class team,” said Ellsworth. “There were several motivators for me. I’m impressed with the huge effort the company made in the operations side of the business. That investment will give me the ability to attract the industry’s top advisors.”
Reverse Mortgage Funding was launched in 2012 by several former MetLife executives among other industry veterans. The company, which now has headquarters in New York and New Jersey, was recently acquired by Reverse Mortgage Investment Trust, a reverse mortgage REIT the company ultimately plans to take public.
Written by Elizabeth Ecker