Illinois-based Mortgage Services Ill. (MSI), a growing reverse mortgage lender and subsidiary of First State Bank, announced this week that the company has hired former MetLife regional sales leader David Cesario to lead national sales and production for the company’s reverse mortgage arm.
A 10-year reverse mortgage industry veteran, Cesario most recently served as assistant vice president and regional sales leader for MetLife.
MSI has experienced recent reverse mortgage growth in the Chicago region, with plans to grow its retail operation substantially.
“David will be responsible for the development and performance of all sales and production activities for the MSI Reverse Mortgage Division,” said Stephen H. Gorman, vice president of the reverse mortgage division. “He will staff and direct our sales team and provide leadership towards the achievement of growth in line with company vision and values. We see a great opportunity to help seniors and work toward being a leader and one of the top lenders in the country with the plans and vision David brings to our company.”
MSI is licensed in most states. The company has closed 35 reverse mortgages to date in 2012, according to data from Reverse Market Insight.
Written by Elizabeth Ecker