Finance of America Reverse (FAR) announced the appointment of Jessica Hanson as an account executive in its wholesale lending department. Bringing with her nearly 10 years of experience she will use to bolster the company’s wholesale lending efforts. She will report to Jonathan Scarpati, FAR’s VP of wholesale lending in her new role.
Prior to her service at FAR, Hanson served as the wholesale director of mortgage banking at One Reverse Mortgage, national wholesale sales manager for Liberty Home Equity Solutions, and as an account executive at Home Point Financial where she assisted in the development and launch of that company’s wholesale reverse mortgage division.
“FAR is a proven leader in our space with a premier proprietary product mix, dedicated team of experts and best-in-class operations,” said Hanson in a press release announcing her hiring. “I am proud to join a firm that stands out for its unwavering commitment to customer service and innovation and look forward to what’s in store for 2020 and beyond.”
Hanson’s previous experience will be a feather in the cap of FAR’s wholesale division, says Jonathan Scarpati.
“Jessica has a wealth of knowledge and is a proven leader in managing and developing wholesale teams,” said Scarpati in the press release. “Her customer-oriented approach and ability to build and service relationships across the growing channels of our business will be an asset as we respond to greater demand for our offerings and help our clients build and optimize their business.”
The addition of Hanson also serves as signs of building on the momentum that FAR built up during 2019, according to company president Kristen Sieffert.
“Coming on the heels of a strong 2019, which included approvals as the only provider of proprietary products in the states of New York and Massachusetts through our HomeSafe product suite, we plan to build on that momentum and are committed to growing our teams to continue to provide best-in-class client offerings and support,” she said.
According to data tabulated by Reverse Market Insight (RMI), FAR is the number two originator of reverse mortgages across both wholesale and retail channels, based on endorsement data from November 2019. Its wholesale operation accounts for the bulk of its endorsements, with its 12-month total as of November standing at 3,303, compared with 884 endorsements on its retail side.