Addison, Tex.-based full-service mortgage lender Mid America Mortgage has added Dennis Loxton as its new national sales manager for the company’s reverse mortgage division. A veteran of the reverse mortgage industry, Loxton has previous experience at multiple top 10 reverse mortgage lenders and is expected to add to the organization’s reverse mortgage expertise due to his experience.
“Mid America strives to provide loan products that serve all types of borrowers. Senior homeowners comprise a large majority of the market but are often overlooked when it comes to mortgage products that meet their unique needs,” said Mid America Owner and CEO Jeff Bode in a statement announcing Loxton’s appointment. “Adding Dennis Loxton only deepens the bench strength and level of experience in reverse mortgages Mid America has cultivated in the reverse mortgage arena, and on behalf of the entire company, I’d like to welcome him to the Mid America family.”
Prior to his appointment at Mid America, Loxton most recently served as the eastern region’s regional vice president at Liberty Reverse Mortgage. Preceding that, Loxton worked for industry-leading lender American Advisors Group (AAG) for four years as the sales director for the central U.S.
Loxton also served in reverse-centric positions at Success Mortgage Partners, Sun West Mortgage Company, MetLife Home Loans and Gold Reverse, Inc.
In 1999, Loxton earned his Certified Financial Planner (CFP) designation, and in 2005 established a continuing education school for financial advisors, real estate agents and attorneys.
“Reverse mortgages are a great option for senior homeowners looking to leverage their home’s equity in retirement, but not every lender is prepared to offer these highly complex and often misunderstood loan products,” Loxton said in the announcement of his appointment. “Mid America understands how reverse mortgages can be used to meet the unique financial needs of senior homeowners and has equipped its loan officers with the necessary tools to meet their clients’ needs across all stages of the homeownership lifecycle. I am thrilled to be joining such an innovative, forward-thinking company and look forward to expanding its footprint in reverse mortgages nationwide.”