Retirement Funding Solutions Hires Pistone as President

Retirement Funding Solutions (RFS), the reverse mortgage division of Synergy One Lending, has secured industry executive Alex Pistone to serve as the company’s president, RFS announced Monday.

Pistone, who most recently served as senior vice president at Security One Lending/RMS where he was responsible for the firm’s national retail sales force, joins RFS as a partner in addition to his role as president.

“Alex has consistently demonstrated servant leadership throughout his career and he embodies our organizational core values,” said Torrey Larsen, CEO of Synergy One Lending, in a written statement. “I am very thankful for the commitment Alex has made to RFS and look forward to seeing him reach his potential as a leader of a large, national firm.”

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While at Security One, both Larsen and Pistone had a role in the formation of the Funding Longevity Task Force, an advisory board of academics working toward eliminating reverse mortgage misconceptions among financial planners and regulators.

Additionally, the company’s Emerging Markets Division was organized in 2011, a segment which focused on the future of the Home Equity Conversion Mortgage space, along with the Builder, Realtor and Financial Advisor segments of the market.

Today, those segments are focal point of every firm in a post Financial Assessment environment, stated RFS, which has established a Strategic Initiatives Division that will focus on the next phase of initiatives that aim to shape the future of the company and the industry.

“I am thrilled to be working with a proven and experienced management team with whom I share the same principles and business objectives,” said Pistone in a written statement. “I look forward to operating a customer-centric company with a culture of teamwork, integrity, and respect; which will result in high levels of service to our customers as well as a rewarding career path for our associates.”

RFS entered the reverse business earlier this year. The company is led by Torrey Larsen, who formerly led Security One’s retail lending division and served as the company’s president before it was acquired by Walter Investment Management Corp. (NYSE: WAC) in 2013, the parent company of Reverse Mortgage Solutions.

Written by Jason Oliva

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  • There seems to be a lot of movement out of RMS right now.

    Could it be that the predictions of no originating division at RMS by this year’s national convention are beginning to come to fruition? There are rumors of recent large numbers of resignations and forced terminations. It seems that management moves in the last eight months have been and continue to backfire.

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