The Board of Directors for the National Reverse Mortgage Lenders Association (NRMLA) has elected its co-chairs to serve in the 2020-2021 term. Scott Norman of Finance of America Reverse (FAR) and Mike Kent of Liberty Reverse Mortgage were unanimously elected.
Norman was first elected to NRMLA’s board in 2012, and serves as FAR’s VP of field retail and director of government relations. He notably advocated for an amendment to the Texas state Constitution to authorize the practice of reverse mortgage lending within the state in 1999, and more recently played a role in advocating for the addition of reverse mortgage for purchase loans to the allowable offerings in the state, which required legislative action and voter approval.
Norman was also named to the inaugural class of reverse mortgage industry “Changemakers” earlier this year by RMD.
Kent has served as the president of Liberty Reverse Mortgage since 2015, having previously served as president of the mortgage lending division of Reverse Mortgage Solutions (RMS) from 2010 to 2014. Kent cultivated over 30 years of traditional mortgage experience, and has held leadership roles across various lending functions, including sales, operations, and secondary markets before becoming active in the reverse mortgage industry.
“I want to congratulate Scott and Mike on being elected NRMLA’s co-chairs,” said Steve Irwin, president of NRMLA in a release announcing the co-chairs’ election. “Their diverse skill-sets and thoughtful leadership are well-suited to help govern the association during this unprecedented time of changing market demands.”
In addition to the new Co-Chairs, the association also elected officers Jim Cory of Open Mortgage as Vice Chair; Robert Sivori of Celink as Vice Chair; Leslie Flynne of RMS as Secretary; and Michael McCully of New View Advisors as Treasurer.