The National Reverse Mortgage Lenders Association (NRMLA) has appointed Joe Langner, president and CEO of reverse mortgage technology platform company ReverseVision, to its board of directors in a move designed to enhance his leadership position within the reverse mortgage industry, according to a company announcement.
Langner, who first joined ReverseVision in March 2020 as president before a promotion added the title and duties of CEO in January 2021, will serve the remainder of the board’s 2020-2021 term, replacing board member and former ReverseVision CEO John Button. For his part, Langner describes looking forward to expanding the education of regulatory and legislative bodies about the potential benefits of the reverse mortgage industry and the Home Equity Conversion Mortgage (HECM), as well as other offerings, he explained.
“As a NRMLA board member, I feel it is my duty to foster conditions that enable reverse mortgage lenders to offer greater value to senior borrowers as the mortgage market evolves,” Langner tells RMD in an email. “I will also continue to be a strong advocate for the normalization of HECM and private reverse mortgage loan products across the forward-facing mortgage industry. Moreover, I will prioritize educating lenders on how expanded APIs and process automation will enable them to bring HECM loans to a broader market.”
The ascension of Langner to the Board also makes for a welcome addition in the mind of Steve Irwin, president of NRMLA.
“I am delighted to have Joe join us on the NRMLA Board of Directors,” Irwin told RMD in an email. “His energy and thoughtful strategic vision is a welcome addition to our Board deliberations and discussions.”
Langner’s duties in his expanded role as both president and CEO are designed to lead ReverseVision in its mission to introduce reverse mortgage product concepts to a wider audience of American seniors, the company said upon the announcement of his appointment to the dual position.
John Button, ReverseVision’s former president and CEO, ceded the role of president to Langner last year but had stayed on as CEO until the end of 2020. He will remain on as a member of the ReverseVision board, and will continue to advise the corporate board while also representing ReverseVision in industry organizations and at industry events.
Earlier this year, ReverseVision announced it restructured its technology service plans and pricing matrix in an effort to streamline the entry of lenders into the reverse mortgage business space, while further aligning its offerings with a broader mission of allowing more adequate service to senior customers who use FHA lending programs.