Reverse mortgage lender HighTechLending has named Adrian Prieto as national director of wholesale and branching for its reverse mortgage division, the company announced Thursday. In his new role, Prieto, a 13-year industry veteran, will work closely with HighTechLending’s vice president of reverse, Joan Imelio, to expand loan production through retail and wholesale branch channels. Additionally, he will oversee the company’s reverse mortgage wholesale division and marketing, as well as new branch acquisitions and expansion.
“Mr. Prieto is an industry veteran and we are very excited to have him join the ranks in our dynamic company,” said Don Currie, president of Irvine, Calif.-based HighTechLending. “This shows our commitment to expanding our reverse footprint nationwide.”
Prieto has held previous roles with several reverse mortgage lenders including Financial Freedom, Senior Lending Network, Liberty Home Equity Solutions, and most recently, American Advisors Group. He will be based in HighTechLending’s corporate headquarters in Irvine.
HighTech is ranked No. 8 nationally in terms of total retail reverse mortgage loan volume, according to recent data from Reverse Market Insight. The company is ranked No. 9 overall, according to RMI data.
Written by Elizabeth Ecker