NRMLA elects new board members and officers for the 2025 term
The National Association of Reverse Mortgage Lenders (NRMLA) has elected its board officers and co-chairs for the 2024-2025 term, including a slate of new officers and both new and returning co-chairs.
Mike Kent, senior vice president of reverse asset management and industry relations at PHH Mortgage Corp.has been re-elected as co-chairman. This will be his fifth consecutive term in the role, following his first election to the post alongside former co-chair and industry professional Scott Norman in 2019.
He is joined in the co-chair position by Jim Cory, director of reverse mortgages at Guild Mortgage. Cory is a long-time industry veteran and member of the NRMLA. He joined in 1998 and previously served as vice chairman of the board. He holds the association’s CRMP (Certified Reverse Mortgage Professional) credential and has held leadership positions at several reverse mortgage companies during his career.
NRMLA President Steve Irwin offered his congratulations and well wishes to the co-chairs in a statement.
“I would like to congratulate Mike and Jim on their election as co-chairs of the NRMLA,” Irwin said in an email update to the NRMLA membership. “Their diverse skill sets and thoughtful leadership are well suited to help guide the association and identify opportunities to grow the reverse mortgage industry.”
Other newly elected officials include Elly Johnson of All Reverse Pro and Robert Sivori of Brean Strategic Advisors as vice-chairmen. Johnson previously served as secretary. Brett Dunn from Traditional Mortgage Underwriting Corp. (TMAC) has been appointed as the new treasurer, succeeding Michael McCully of New viewing advisors. Laura Cullen from Longbridge financial will serve as the new secretary and will succeed Johnson in this role.
NRMLA enters the new term with significant changes. At the annual meeting and expo in San Diego last month, former CEO Peter Bell announced he was moving away from reverse mortgages to focus on affordable housing advocacy.
NRMLA separates from Bell’s association management company, Dworbell Inc.as part of the transition, and will continue to operate independently of it.
