Finance of America Reverse Boosts Wholesale Lending Group with New Hire

Leading Reverse Mortgage Wholesaler Plans Further Innovative Product Launches, Client Support Services

SAN DIEGO--()--Finance of America Reverse LLC (FAR), one of the largest reverse mortgage lenders in the U.S. and a leading provider of retirement solutions, today announced the appointment of Jessica Hanson as an Account Executive in the Wholesale Lending department. She brings nearly a decade of reverse mortgage wholesale experience and will help service and expand FAR’s wholesale accounts. She reports into Jonathan Scarpati, Vice President of Wholesale Lending who has led a team that has been the number one reverse mortgage wholesaler in the industry for the past nine years.

“Jessica has a wealth of knowledge and is a proven leader in managing and developing wholesale teams,” said Scarpati. “Her customer-oriented approach and ability to build and service relationships across the growing channels of our business will be an asset as we respond to greater demand for our offerings and help our clients build and optimize their business.”

“FAR is a proven leader in our space with a premier proprietary product mix, dedicated team of experts and best-in-class operations,” said Hanson. “I am proud to join a firm that stands out for its unwavering commitment to customer service and innovation and look forward to what’s in store for 2020 and beyond.”

“Coming on the heels of a strong 2019, which included approvals as the only provider of proprietary products in the states of New York and Massachusetts through our HomeSafe product suite, we plan to build on that momentum and are committed to growing our teams to continue to provide best-in-class client offerings and support,” said Kristen Sieffert, FAR President.

Hanson joins a team of 18 professionals that provide support to the firms growing wholesale channels. Before joining FAR, Hanson served as Director of Mortgage Banking, Wholesale for One Reverse Mortgage and prior to that was National Wholesale Sales Manager at Liberty Home Equity Solutions. Previously, she worked as an Account Executive at Home Point Financial where she helped develop and launch the company’s reverse wholesale division.

About Finance of America Reverse LLC (FAR)

As one of the largest reverse mortgage originators, Finance of America Reverse is committed to empowering adults age 60 and over with the tools they need to achieve financial independence and get to work on retirement. Through its network of Reverse Mortgage Specialists, professional and wholesale partners, Finance of America Reverse offers reverse mortgage products designed to help older Americans include home equity in their retirement plans. The company is licensed nationally and is a proud member of the National Reverse Mortgage Lenders Association (NRMLA). For more information, please visit www.fareverse.com or find us on Facebook, LinkedIn or Twitter.

This material is not from HUD or FHA and has not been approved by HUD or any government agency.

When the loan is due and payable, some or all of the equity in the property that is the subject of the reverse mortgage no longer belongs to borrowers, who may need to sell the home or otherwise repay the loan with interest from other proceeds. FAR may charge an origination fee, mortgage insurance premium, closing costs and servicing fees (added to the balance of the loan). The balance of the loan grows over time and FAR charges interest on the balance. Borrowers are responsible for paying property taxes, homeowner’s insurance, maintenance, and related taxes (which may be substantial). We do not establish an escrow account for disbursements of these payments. Borrowers must occupy home as their primary residence and pay for ongoing maintenance; otherwise the loan becomes due and payable. The loan also becomes due and payable (and the property may be subject to a tax lien, other encumbrance, or foreclosure) when the last borrower, or eligible non-borrowing surviving spouse, dies, sells the home, permanently moves out, defaults on taxes, insurance payments, or maintenance, or does not otherwise comply with the loan terms. Interest is not tax-deductible until the loan is partially or fully repaid.

Finance of America Reverse LLC NMLS #2285 (www.nmlsconsumeraccess.org); Corporate Office: 8023 East 63rd Place, Suite 700, Tulsa, OK 74133; Arizona Mortgage Bankers License #0921300, Mortgage Bankers Branch License #0117862 – 625 West Southern Ave., Suite E171, Mesa AZ 85210; Licensed by the California Department of Business Oversight under the California Residential Mortgage Lending Act ; Licensed under the California Department of Business Oversight under the California Finance Lenders Law; Colorado: To check the status of your Colorado loan originator, visit http://www.dora.state.co.us/real-estate/index.htm; Georgia Residential Mortgage Licensee #23647, 8023 East 63rd Place, Suite 700, Tulsa, OK 74133; Illinois Residential Mortgage License #MB6759657; Kansas Licensed Mortgage Company #MC0002210; Massachusetts Lender/Broker License MC2285: Finance of America Reverse LLC; Licensed by the Mississippi Department of Banking and Consumer Finance; Licensed by the Missouri Division of Finance as a Mortgage Broker, 1201 Walnut, Suite 975, Kansas City, MO 64106; Licensed Mortgage Banker – NYS Department of Financial Services, 888 Veterans Memorial Highway, Suite 300, Hauppauge, NY 11788. Finance of America Reverse LLC is known as FAReverse LLC in NY in lieu of true name Finance of America Reverse LLC. Licensed by the New Hampshire Banking Department; Oregon License #ML-4805; Nevada Mortgage Banker License #4297. 2300 West Sahara Ave, Ste 800, #835, Las Vegas, NV 89102, 702-592-6538; Licensed by the New Jersey Department of Banking and Insurance; Licensed by the Pennsylvania Department of Banking; Rhode Island Licensed Lender; Licensed By the Virginia State Corporation Commission #MC-5413; Washington Consumer Loan Company License #50202. Also conduct business in AL, AR, CT, FL, HI, ID, IN, KY, LA, ME, MD, MI, NE, NM, NC, OH, OK, PR, SC, TN, TX, UT, VT, WV, WI, and WY. Not all products and options are available in all states. Terms subject to change without notice. ©2018 Finance of America Reverse LLC. All Rights Reserved. EQUAL HOUSING LENDER.

Contacts

Media:
Caleb Barnhart
Sloane & Company
FAR@sloanepr.com

Contacts

Media:
Caleb Barnhart
Sloane & Company
FAR@sloanepr.com