PRC Tweaks Leadership as Former Chief Starts New Reverse Mortgage Venture

Premier Reverse Closings (PRC), a national title and settlement company specializing in reverse mortgages, today announced changes to its executive leadership, just months following the departure of the company’s former president.

In an email sent Friday, PRC parent company Mother Lode Holding Company welcomed the addition of Ami Kellogg as company President and Heather Moulden as Senior Vice President of Sales.

“Premier Reverse Closings is part of the Mother Lode family, and we want to make one thing clear: we have a continued commitment to the reverse mortgage industry,” Mother Lode Holding Company stated in the email.

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The announcement of new hires arrives a little more than one month after PRC informed its customers that former President Rob Awalt left the company “to pursue other potential opportunities in the industry.”

For Awalt, this new venture is Allegiant Reverse Services, a full-service title and settlement company dedicated to the reverse mortgage sector.

The company, which is a division of FNC Title Services LLC, maintains a corporate headquarters in Roseville, Calif., but also maintains locations in Rockville, Md. and Houston, Texas. Its LinkedIn profile quantifies its staff between 11-50 employees.

On its webpage, Allegiant Reverse Services lists several underwriters, including Fidelity National Title Group, First American Title and WFG National Title Insurance Company.

Awalt could not be reached for comment as of press time.

PRC joined Mother Lode nine years ago. The company cites a staff of 45 dedicated to closing reverse mortgages.

“They are diligently working on your transactions, picking up and carrying on where some left off,” PRC stated. “We have not missed a beat. We will not miss a beat. The people who have built this division have experience that stems back to the early 2000s.”

Current staff members, including Christian Fisher and Mark King, will remain with the company in their roles as Senior Vice President of Operations and Senior Vice President of Administration, respectively.

In its email to customers and industry partners, PRC repeatedly stressed its unwavering support and commitment to the reverse mortgage space.

“PRC remains intact, and a neutral, third-party company that supports the entirety of the reverse mortgage industry, working with all lenders to ensure we meet guidelines and compliance regulations,” PRC stated. “We are here to stay and support the growth of the industry. In fact, you can expect to see us more with our presence growing to meet industry demands.”

Written by Jason Oliva

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