Retirement News with Professor Craig

Retirement News with Professor Craig

The Retirement News blog is dedicated to the financial and physical health and well-being of older Americans. 
Whether you're already in or nearing retirement, you will find important, topical information in the blog to help you make informed decisions on your road to retiring more freely.
As a 25-year veteran in the financial services industry and a certified trainer and teacher, Professor Craig's #1 goal is to help you thrive in retirement with financial peace of mind. 

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RMF Newsroom, Consumer Direct

Eric Ellsworth Joins Reverse Mortgage Funding as Western Regional Sales Leader

Ellsworth will build western region sales team

Bloomfield, N.J., Nov. 1, 2014 — Reverse Mortgage Funding LLC has announced that it has hired Eric Ellsworth as its Western Regional Sales Leader for Retail Distribution. In this role, he will execute on RMF’s plan to drive sales growth in the western states.

Ellsworth has a strong history of building and optimizing sales teams, particularly in the reverse mortgage industry. He will leverage that experience as he completes the RMF national sales team by hiring approximately 20 western state agents by the end of the year.

As a strategic hire and critical component of the sales team, Ellsworth will report to Richard Thorpe, RMF National Retail Sales Channel Leader. Thorpe was brought on earlier in 2014, and the hiring of Ellsworth completes his management team.

“For the past few months we have been building and then fine tuning all the behind the scenes initiatives that enable a sales team to be successful,” said Thorpe. “With our back end optimized and our East Coast team hired, trained and producing, we can now execute on our West Coast phase.”

The agents in the Western Region will be an integral part of executing the company’s ambitious business plan. RMF’s Eastern Region sales team comprises some of the most respected, productive sales leaders in the reverse mortgage industry. The company is now seeking similarly accomplished and proven reverse mortgage sales leaders to join this high performing team.

“Eric is a great talent and we are lucky to have his help driving our rapid growth,” said Thorpe. “We have truly been fortunate to attract some of the best, most experienced talent in the industry and we hope to continue that success.”

Ellsworth will leverage his strong history of building sales teams as he begins hiring in several large metros. “I’m looking forward to replicating that success out West and working with this world-class team,” said Ellsworth. “There were several motivators for me. I’m impressed with the huge effort the company made in the operations side of the business. That investment will give me the ability to attract the industries top advisors. Also, RMF’s turn times are short and the process is very efficient."

Prior to joining Reverse Mortgage Funding, Ellsworth was Divisional Sales Manager at Liberty Home Equity Solutions. He has been in the mortgage industry since 2001 and transitioned into the reverse mortgage industry in January 2008.

RMF is hiring immediately; if you are interested in employment opportunities, contact the company at careers@reversefunding.com.

About Reverse Mortgage Funding LLC

Reverse Mortgage Funding LLC was established in July 2012 and is led by industry veterans Craig Corn, Robert Sivori, and David Peskin. These executives have an average of more than 15 years of experience in building and, most importantly, growing firms in the industry. The company has offices in New York and New Jersey. Learn more by calling (877) 820-5314 or visiting reversefunding.com.

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A More Flexible Home Equity Loan

If you’re 62 or older, there is a home equity line of credit option that offers greater financial flexibility than a traditional Home Equity Line of Credit (HELOC). It’s called a Home Equity Conversion Mortgage (HECM) line of credit. 
If you have an existing mortgage or home equity loan you could refinance them with a HECM line of credit and get enhanced benefits, including a flexible payment feature and a line of credit that GROWS when left untouched.
As with any mortgage, you must meet your loan obligations, keeping current with property taxes, insurance, and keeping your home in good condition.


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