Goodlife Home Loans launch Retail Reverse MortGage Division, says it is actively accepting
Goodlife home loansDBA Van Bellevue, Wash. Traditional MortGage Acceptance Corporation (TMAC), this week it has announced that it has launched a new Retail Reverse mortgage department to add to its existing efforts in the wholesale space.
Goodlife is one of the leading Home Equity Conversion MortGage (HECM) Lenders to the wholesaler, as well as an important issue of Ginnie Mae HECM-Supported Effects (HMBs). The company called the launch of the new division an “important milestone” because it can bring its team of veterans of the Reverse mortgage industry more directly to the retailing channel.
The division currently mainly consists of four loan officers. Two of them, Linda Weilert and Catalina Gonzalez, had previously served Open mortgageThe inverted division prior to the closure in the end of 2023.
For Weilert, a 17-year-old veteran of the reverse mortgage industry, it is still early days for the activities of the new division, but she said Housing‘s Reverse MortGage Daily (RMD) that the experience has been positive so far.
“The business leadership has been excellent,” she said when she reached Friday. “They are supportive, dedicated to the retail space and the culture is great. Processing and insurance is very professional. We are the first loan assignments in the retail space for them, and we hope to have an impact in it. They have been very supportive and I am honored to be with them in this next chapter.”
The division also consists of Los Marilyn Brown Ross and Chris Weilert. All in all, they have jointly “more than 40 years of experience in the industry, deep product knowledge and a track record of success that serve seniors throughout the country,” the company said.
Anthony Gaglione, senior marketing manager at TMAC, said that hiring the right people has been a nuclear priority because the company has worked to increase the retail department.
“We have hired the best and smartest, most successful inverted mortgage specialists,” said Gaglione in one preparatory explanation. “This new retail division is built on a basis of integrity, trust and leadership, and we are pleased to bring our wholesale expertise to consumers through this dynamic team.”
The position of the company as a Ginnie Mae -Emittent gives market differentiation, said it, and the retail division will follow the same principles that its wholesalers have led. The division also wants to attract new originator talent, Gaglione added.
“We offer the most aggressive compensation package in the industry,” he claimed. “If you are a reverse mortgage professional who closes 10 or more reverse mortgages every year who wants to be part of a powerful, progressive organization, we want to hear from you.”
Goodlife/TMAC is an active member of the National Reverse MortGage Lenders Association (NRMLA). Brett Dunn, Chief Investment and Chief Operating Officer at the company, was chosen last fall as treasurer of the NRMLA board.
