Smith Joins Smartfi Kimberly Smith joined Smartfi Home Loans as senior vice president of wholesale lending. Smith moved to the San Diego-based reverse lender after more than a decade at American Advisors Group, where she also served as senior vice president of wholesale lending. Before that, Smith oversaw all sales operations for Generation Mortgage as executive vice president of sales. She started her career in 2004 as regional manager of wholesale sales at Financial Freedom. After that, she helped One Reverse Mortgage develop a successful sales team as senior vice president of wholesale lending. Harbor Mortgage Joins Federal Savings Bank Harbor Mortgage Solutions (HMS) in Braintree, MA, is now operating as a branch of The Federal Savings Bank, Naperville, IL. HMS was founded in March 1991 by George Downey, CRMP, as a mortgage brokerage that offered conventional and jumbo mortgages and later reverse mortgages beginning in 2002. “The Federal Savings Bank is looking to have a bigger presence in the reverse mortgage space,” says Downey. “Both parties were interested in leveraging the other’s experience and resources. We’re very excited about this opportunity.” Skaggs Joins PRMG as HECM Division Manager Paramount Residential Mortgage Group (PRMG) hired Ellen Skaggs, CRMP, as its new HECM divisional manager. Skaggs has 38 years of mortgage industry experience, and she has specialized in reverse mortgages for 16 years. As HECM divisional manager, she oversees the company’s HECM division, which specializes in reverse mortgages. Prior to joining PRMG, Skaggs spent eight years running the New American Funding’s HECM division. PHH to Subservice FAR’s Reverse Mortgages PHH Mortgage Corp., parent of Liberty Reverse Mortgage, entered into a reverse mortgage subservicing agreement with Finance of America Reverse LLC (FAR). “We are very pleased to enter into this new subservicing relationship with FAR,” said Scott Anderson, executive vice president and chief servicing officer at PHH, in a news release. “This agreement is consistent with one of our core business strategies of growing our subservicing portfolio and is a testament to the strength and quality of our servicing platform as a premier subservicer for both forward and reverse mortgages. We look forward to a long-term relationship with FAR and delivering on the expectations that they have for their servicing partners and customers.” Member News Member News 34 REVERSE MORTGAGE / SEPTEMBER–OCTOBER 2023
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