Reverse mortgage industry veteran Derek Marks is joining One Reverse Mortgage LLC as director of capital markets, the company recently announced.
Marks is a 22-year veteran of the mortgage industry, with 14 years in capital markets. He will lead product development, risk assessment, hedging and trading for the national reverse mortgage lender.
“Derek’s profound knowledge of both the reverse and forward mortgage industries and his vast experience will help One Reverse Mortgage continue to move forward,” said Gregg Smith, president and CEO of One Reverse Mortgage, in a statement. “I know that Derek will fit with our culture and be a driving force for the company.”
Marks has held many positions leading capital markets and trading at both reverse and forward lenders.
During his career in the reverse space, he served as vice president of trading and securitizations at Reverse Mortgage Solutions, Inc./Security One Lending as well as vice president of capital markets at MetLife Home Loans and senior vice president and pricing executive at Bank of America.
Marks earned a Bachelor of Arts degree from the University of Washington, Michael G. Foster School of Business.
“One Reverse Mortgage’s business model and company culture has allowed it to experience tremendous growth in an ever changing market,” Marks said. “It is exactly the kind of place where I can help the company and affect the outcome for the better.”
Written by Cassandra Dowell