Mahwah, N.J.-based reverse mortgage lender Nationwide Equities announced this week that Philip Parziale, the company’s chief operating officer, was recently sworn into the U.S. Supreme Court Bar.
Parziale, who has been an attorney for over 20 years, had the opportunity to meet with several Supreme Court Justices when he took his oath Monday, March 7.
“This is quite an honor for Phil and all of us at Nationwide Equities,” said Nationwide President Glenn Wallace. “We are very proud of Phil for pursuing this path and having one of our own achieve this milestone.”
Although it has been Parziale’s lifelong ambition to appear before the Court, he hopes he never has to do so for Nationwide. Instead, Parziale plans to work in his spare time submitting amicus curiae briefs on cases important to the financial sector, as well as other causes near to his heart.
Originally hired to fill the role of General Counsel, Parziale’s role as Nationwide Equities’ COO has dominated more of his time as the company has expanded over the years.
“Although I am more involved in operations now, I still come from a legal background and admission to the bar of the Court was a very special and humbling experience to me,” Parziale told RMD. “I take pride in being able to keep up with the latest changes in the industry and helping Nationwide continue to grow without the missteps I often see in other companies, especially when it comes to compliance.”
As one of the industry’s top Home Equity Conversion Mortgage lenders over the past six months, Nationwide Equities has grown into a top-10 HECM lender. Year-to-date through February 2016, the company has reported 159 HECM endorsements, according to the most recent industry data tracked by Reverse Market Insight.
Written by Jason Oliva