Reverse Mortgage Funding LLC (RMF) has undergone a westward expansion, this week announcing it has opened a new sales office in the Sacramento metropolitan area.
RMF’s new office is located in the Sacramento submarket of Lincoln, California in Sun City Lincoln Hills, the largest active adult community in California developed by age 55+ homebuilder Del Webb comprised of approximately 7,000 homes.
“We are excited to expand our operations to the West Coast and look forward to leveraging our expertise and innovative products to help older homeowners live a more comfortable and secure retirement,” said RMF President David Peskin in a written statement.
RMF’s Western Regional Sales Manager Eric Ellsworth will manage the California region for the Bloomfield, N.J.-based lender, which was ranked as the eigth-largest Home Equity Conversion Mortgage lender in the last 12 months through December 2014, according to recent Reverse Market Insight data.
Along with Ellsworth, RMF’s California region will be supported by a team of six sales professional who, collectively, boast almost 90 years of industry experience working at companies such as Commerce Mortgage, Security One Lending, Republic Mortgage, Liberty Home Equity Solutions and High Tech Mortgage.
They include Mary Alice Cardenas, William Smith, Robert France, David Stormont, Olaf Hanson and Hank Rhoads.
“Our new office is ideally situated in California’s largest active adult community and we are confident Eric and his team possess the experience and relationships to effectively introduce our brand and products to the market,” said Richard Thorpe, RMF’s national retail sales channel leader.
Written by Jason Oliva