Reverse Mortgage Funding has announced the hire of Geoffrey Wallace to join the company’s distributed retail team as western regional manager. Wallace brings more than 16 years of mortgage industry experience and has held positions with Citibank and Bank of America, among others.
Based in Sacramento, Calif. Wallace will report to RMF’s National Sales Leader Distributed Retail, Richard Thorpe, and will be tasked with growing the company’s West Coast sales force and presence.
“We are very pleased to have strengthened and expanded our west coast team with Geoffrey, whose inherent ability to lead, manage and recruit, deliver results and provide trusted counsel to older Americans on reverse and traditional home equity mortgages is impressive and enviable,” Thorpe said. “Geoffrey possesses the unique skill set and experience that we require from our managers, and thus, we believe that by pairing his expertise with our resources, we will benefit from increased interest in our company and stronger brand awareness throughout California and beyond.”
Prior to joining RMF, Wallace has worked in the reverse mortgage divisions of national lenders Urban Financial Group, MetLife Bank, Golden Gateway Financial and Wells Fargo. He is licensed in California and his experience spans managing large teams and developing talent in the reverse mortgage space.
“I am very intrigued by the opportunities at RMF and the ability to work with financial planners and grow its market share throughout the west coast,” Wallace said. “I look forward to working with and learning from my new teammates, and am confident that my extensive experience and perspective will help our company attract new high-end talent and cultivate further interest in reverse mortgages amongst baby boomers.”
Since its founding in 2012, RMF has risen as a top-10 reverse mortgage lender and issuer of HECM mortgage backed securities (HMBS). The company is headquartered in Bloomfield, New Jersey.
Written by Elizabeth Ecker