Finance of America Reverse Archives

Steve Resch talks about financial planner relationships for reverse lenders

May 15, 2024 mpsingh No Comments Real estate Finance of America, Finance of America Reverse, financial, Home Equity, lenders, planner, relationships, Resch, Reverse, Steve, Talks

Steve Resch, vice president of retirement strategies at leading reverse mortgage industry lender Finance of America, knows a lot about the intersection between the interests of financial planning professionals and reverse mortgage industry members. Financial planners have been, and remain, one of the most sought-after referral partnerships for reverse mortgage professionals to establish ties with. [...]read moreSteve Resch talks about financial planner relationships for reverse lenders

Longtime reverse mortgage leader Scott Norman appointed CEO of Texas MBA

May 2, 2024 mpsingh No Comments Real estate appointed, CEO, Finance of America Companies, Finance of America Reverse, Leader, Longtime, MBA, Mortgage, Norman, NRMLA, Reverse, Scott, Texas

Longtime reverse mortgage industry professional, advocate and leader Scott Norman has been appointed as the new CEO of the Texas Mortgage Bankers Association (TMBA). Norman is currently serving his fifth consecutive term as co-chair of the National Reverse Mortgage Lenders Association (NRMLA). He also works as vice president of field retail and director of government [...]read moreLongtime reverse mortgage leader Scott Norman appointed CEO of Texas MBA

Kristen Sieffert leads the reverse mortgage presence at The Gathering

April 26, 2024 mpsingh No Comments Real estate Featured Homepage, Finance of America Companies, Finance of America Reverse, Gathering, HWmember, Kristen, leads, Mortgage, presence, Reverse, Sieffert, The Gathering

Following the company’s initial public offering (IPO) and its choice to focus exclusively on retirement solutions, FOA’s acquisition of AAG was a natural way to stake a major claim of leadership in the business. But it was not without its challenges. “I care deeply about culture and building teams, but this transition has been more [...]read moreKristen Sieffert leads the reverse mortgage presence at The Gathering

Origins: From managing restaurants to reverse mortgage partnerships

April 16, 2024 mpsingh No Comments Real estate Finance of America Companies, Finance of America Reverse, Managing, Mortgage, Origins, partnerships, Restaurants, Reverse

In the late 2000s, Ryan Schmidt was a restaurant manager with no real understanding of the reverse mortgage product. It wouldn’t take long for that to change, however, and Schmidt now serves as the vice president of partner engagement at Finance of America Reverse (FAR), the reverse mortgage industry market leader in the U.S. No [...]read moreOrigins: From managing restaurants to reverse mortgage partnerships

FAR parent updates investors on AAG integration, business performance

April 11, 2024 mpsingh No Comments Real estate AAG, business, Finance of America Companies, Finance of America Reverse, integration, investors, Parent, performance, updates

Finance of America Companies (FOA), parent company of industry-leading reverse mortgage lender Finance of America Reverse (FAR), released a new “investor update” this week to update shareholders and other stakeholders on different elements of its reverse mortgage business including its strategic initiatives, business model and an update on its integration of American Advisors Group (AAG). [...]read moreFAR parent updates investors on AAG integration, business performance

Are reverse mortgages the most underutilized retirement tool?

March 24, 2024 mpsingh No Comments Real estate Finance of America Reverse, mortgages, Mutual of Omaha Mortgage, NRMLA, Retirement, Reverse, Tool, underutilized

Home equity levels among homeowners aged 62 and older are at record levels following the end of the pandemic. As a result, reverse mortgages may no longer be considered a “loan of last resort” as financial planners aim to highlight their uses as part of a comprehensive financial plan in retirement. This is according to [...]read moreAre reverse mortgages the most underutilized retirement tool?