Open Mortgage Expands Retail Reverse Operations With New Hire

As Open Mortgage continues to increase its national presence, the Austin, Texas-based retail, wholesale and correspondent lender has hired JoAnna Bignell to lead the company’s recruiting efforts in the retail reverse mortgage space.

“What I really want to see with JoAnna’s hire is that our reverse retail division continues to evolve and expand as we grow as a company,” Vice President of Sales Peter Kallodaychsak tells RMD. “Our retail component is incredibly important to us, and we view that as a large part of our growth plan in the coming years.”

In this capacity, Bignell will be responsible for bringing in top-producing branches as well as helping the company’s existing branch managers build out their teams.

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She brings to the position more than 20 years of expertise in recruiting, and most recently served as the national recruiting director at Security 1 Lending.

“JoAnna is a great addition to Open Mortgage. She reaffirms both our commitment to our retail presence, and to the reverse mortgage space,” said CEO Scott Gordon, in a written statement.

Last month, Open Mortgage rolled out a reverse mortgage wholesale channel, a move that followed the lender’s acquisition of the reverse origination arm formerly under 360 Mortgage Group.

Written by Emily Study

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