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, Distributed Retail, Partners

Reverse Mortgage Funding Expands Its Operations

Opens Sales and Operations Office in Melville, N.Y. to Complement Its Bloomfield, N.J. Headquarters

Bloomfield, N.J., October 2, 2013 — Reverse Mortgage Funding LLC (RMF) has opened its second office in Melville, N.Y. RMF President David Peskin will lead the office, which opened officially September 13th. Heading the fulfillment team will be Colleen Pirraglia, formerly an underwriting and fulfillment manager in the Reverse Mortgage Division of MetLife. The third party origination sales team will be led by Michael Mooney, also formerly of MetLife’s Home Loan’s Division. Both Pirraglia and Mooney have been with RMF since it opened its doors earlier this year on August 1st.

“Right now, we have an incredible staff made up of many former colleagues. We’re currently accepting applications for additional sales and operations professionals,” said Peskin. “We are very happy with our growth and look forward to recruiting new members.”

“The HECM program is experiencing the most significant changes since its inception. We are looking to add to our seasoned team of industry veterans who share our vision in establishing long-term relationships with likeminded institutions that understand the growing need for home equity as a part of retirement planning for many older Americans,” said Mooney.

Interested candidates should send their credentials to Linda Dellutri at careers@reversefunding.com.

For more information, visit www.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 www.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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