Member Profiles Who’s Who in Reverse Mortgages Member News Open Mortgage Selects Stephenson as President Open Mortgage, Austin, TX, announced that Joe Stephenson will serve as the company’s new president. “After much long-term planning and an extensive national search, we found a perfect fit in Joe,” says Open Mortgage Founder and CEO Scott Gordon. “Not only will his nearly three decades of experience in independent mortgage banking and depository institutions serve Open Mortgage well, his strong leadership skills and warm demeanor will complement our family-like culture.” Stephenson recently served as senior vice president of operations at American Advisors Group. Before that, he was at Morgan Stanley as head of mortgage operations and at Bank of America where he was responsible for home loans fulfillment and national sales execution. Mid America Names Loxton National Sales Manager Mid America Mortgage, Vestavia, AL, has hired Dennis Loxton as national sales manager in the company’s reverse mortgage division. Loxton joins Mid America from Liberty Reverse Mortgage, where he ran the Eastern wholesale division as regional vice president. At Mid America, Loxton will be responsible for recruiting top-tier loan officers to join the company’s reverse mortgage division. “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,” says Mid America owner and CEO Jeff Bode. “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.” ReverseVision® Hires Mitchell as Chief Revenue Officer ReverseVision®, San Diego, CA, hired Bill Mitchell as its chief revenue officer. In this newly created position, Mitchell will oversee ReverseVision’s sales, business development and marketing efforts as the company expands its footprint in the mortgage industry. His background includes loan origination systems (LOS), digital mortgage technologies and industry-leading software platforms. “Bill is an experienced technology-focused sales and marketing professional who holds a deep understanding of the mortgage industry and what it takes to grow fintechs,” says ReverseVision President and CEO Joe Langner. “There is an enormous amount of opportunity on the horizon for lenders to leverage our technology to augment their revenue streams as the mortgage market tightens.” FAR Lowers Minimum Age for HomeSafe Product Finance of America Reverse (FAR), Tulsa, OK, lowered the minimum qualifying age for its “HomeSafe” suite of proprietary reverse mortgage products to 55 in the majority of states in which it’s available. FAR, Reverse Mortgage Funding LLC, Nationwide Equities, 1st Nations Reverse Mortgage and Longbridge Financial all offer reverse mortgages to 55-plus borrowers. The minimum age in Massachusetts, New York and Washington will remain 60 and in North Carolina, Texas and Utah it will stay at 62. Macerato Named to List of Inspiring Women Leaders Melissa Macerato, partner and executive vice president of sales and marketing at Longbridge Financial, Mahwah, NJ, has been named one of the “Ten most inspiring women leaders of 2021” by IEra Women Leaders Magazine, citing the executive’s leadership during a period of company growth and how she assisted the company through the challenges of the COVID-19 pandemic. “As the top female leader at Longbridge Financial, Melissa’s commitment to constantly improving and expanding is especially inspiring,” says her entry. “Whether it be a new feature or change to a product, implementation of technology to streamline business functions or introducing a new internal role to meet workload demands, Melissa always seeks feedback from customers, partners, fellow leaders and employees alike.” 34 REVERSE MORTGAGE / MARCH-APR I L 2022
RkJQdWJsaXNoZXIy MjQ1MzY1