Reverse mortgages are generally considered to be a safer option these days. Namely, this is because of the Reverse Mortgage Stabilization Act of 2013, which added more safeguards and put into place more restrictions for lenders. As a result, a number of lenders offer more lucrative terms and reduced upfront cost.
November 4th, 2014
Birmingham, Alabama-based FirstBank Reverse is building its wholesale and correspondent lending services through the hire of Bob Garczewski as reverse mortgage correspondent manager.
In his role with FirstBank, Garczerski will lead the reverse mortgage wholesale division as well as affinity partnerships, allowing him to leverage the company’s forward account executives, the company says. He will also focus on third party correspondent accounts toward growth across the company’s reverse division, which is led by Division Manager Dan Barksdale and Director of Mortgage Banking Rob Henger.
October 12th, 2014
FirstBank Mortgage Partners last week announced that it has promoted Regional Manager Ed O’Connor to the role of Corporate Director of Marketing and Sales.
In his newly expanded position, O’Connor will be responsible for all company-wide marketing efforts along with all sales initiatives, FirstBank stated in a release. He will also continue to oversee all of the company’s recruiting efforts on a national basis and will maintain FirstBank’s implementation of its Bank and Credit Union programs, along with its wholesale account executives.
O’Connor was first hired to join FirstBank’s reverse mortgage sales force in March in efforts geared toward the company’s expansion in the northeastern U.S.
FirstBank Mortgage Partners Hires Ed O’Connor to Lead Northeast Expansion
FirstBank Mortgage Partners has hired Ed O’Connor to lead the expansion of its HECM division in the Northeast region. O’Connor is the former president and founder of New York-based Advanced Funding Solutions and previously worked for Generation Mortgage Company and Nationwide Equities. “Having a bank behind you is a tremendous asset in terms of your ability to do business on many different levels,” says O’Connor. “We are a good match in terms of how we think and the experience levels we bring together, so there is a tremendous synergy.”