Lansing, Mich.-based reverse mortgage subservicer Celink has announced plans to appoint Robert Sivori as the company’s new chairman and Chief Executive Officer (CEO). Sivori will succeed Jason McNamara, who will serve on the board of Celink’s new parent company.
Sivori, an industry veteran with more than 25 years of experience in the forward and reverse mortgage spaces, previously served as co-founder and Chief Operating Officer of Reverse Mortgage Investment Trust, Inc. and Reverse Mortgage Funding, LLC (RMF). Prior to his role with RMF, he was a senior executive in the reverse mortgage division at MetLife Bank, co-founder and co-president EverBank Reverse Mortgage, and president of BNY Mortgage Company.
Sivori serves on the board of directors for the National Reverse Mortgage Lenders Association (NRMLA), a post he has held for the last 16 years.
“Bob Sivori has built and implemented, from the ground up, what is likely the most robust reverse mortgage servicing oversight program and platform in the industry,” said former Celink Executive Chairman Jim Mahoney, who now serves as a member of the board of directors of the new parent company, Casa Holdco LP.
McNamara also lauded the appointment.
“Under Bob’s leadership, Celink is well-positioned to continue assisting older Americans in realizing a more secure future, as accessing home equity becomes increasingly important in meeting their retirement needs. I look forward to supporting Bob in helping Celink reach its full potential,” he said.
Celink subservices reverse mortgages in all 50 states, overseeing a portfolio worth more than $40 billion.