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HUD approves historic deal to modernize and build 4,000-plus new housing units on Puerto Rico

Aug 07, 2008

Reverse mortgage industry veteran Kevin Kaltenbach joins Senior Financial CorporationMortgagePress.comSenior Financial Corporation, Kevin Kaltenbach, reverse mortgage Senior Financial Corporation, a privately-held reverse mortgage company, announced that Kevin Kaltenbach has been appointed executive vice president and director of corporate development for their organization. In addition to his responsibilities as Executive Vice President, he has been appointed to the Senior Financial Corporation Board of Directors. Kaltenbach entered the reverse mortgage industry in 2001 and has played a key role in the creation, growth and ongoing management of successful reverse mortgage operations. With hands-on origination experience, Kaltenbach states, "Senior Financial Corporation's vision of being the premier provider of financial products to mature Americans is closely in line with my philosophy." Kevin believes that "reverse mortgages are a valuable tool that enables mature Americans to enjoy and maintain the quality of life they so truly deserve." Prior to joining Senior Financial Corporation, Kaltenbach was executive vice president and board member of Southern California-based American Senior Funding. With corporate offices in Rocklin, Calif. and Renton, Wash., Senior Financial Corporation operates a fast-growing multi-state reverse mortgage retail organization, with plans for expansion into all major markets and top ten reverse mortgage closing status by the end of 2009. Over the past six months, Senior Financial Corporation has hired several key reverse mortgage industry executives. The most recent announcement was the addition of Sarah Hulbert, current chairperson ex-officio of the National Reverse Mortgage Lenders Association (NRMLA), who is currently acting as president of Senior Financial Corporation. "Kaltenbach will join the executive management team and will play a key role in the ongoing expansion of our company. In addition to his responsibilities as Executive Vice President, he has been appointed to the Senior Financial Corporation board of directors," states Shad M. Derifield, chairman and chief executive officer of Senior Financial Corporatiopn. According to Sarah Hulbert, president of Senior Financial Corp, "We're very excited to have Kevin join our management team. He's going to be a tremendous asset and resource. We look forward to benefiting from his hands-on experience in virtually all aspects of running a successful reverse mortgage business." For more information, visit
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