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National Mortgage Professional
Apr 10, 2008

Long-time participants in reverse mortgage business form Legacy Home FinancingMortgagePress.comReverse mortgages, Legacy Home Financing, Jim Cory, Shawna James, Todd Ausherman Two prominent reverse mortgage industry executives, and one real estate attorney, have formed a new company called Legacy Home Financing, Inc. that will specialize in reverse mortgages and conventional home loans. The co-founders of Legacy Home Financing are Jim Cory, Shawna James and Todd Ausherman. Legacy Home Financings union of founding members brings impressive mortgage experience to a start-up company. With an emphasis on reverse mortgage lending, Legacys goal is to be a preferred provider of specialized mortgage products and services. The companys mission is to provide these products with integrity and excellent customer service. Additionally, consumers today need a broker they can trust and rely on for quality mortgage products. "A major factor for us in opening a mortgage brokerage is our ability to offer valuable financing options with an emphasis on customer service and education," said Shawna James. "We realize many of todays mortgage products are complex, and we have the knowledge and experience to help guide consumers into a program tailored to their specific needs." Jim Cory has 10-plus years of management experience in the reverse mortgage industry, first with Seattle Mortgage Company, then with Fannie Mae in Washington, D.C., and most recently as chief operating officer of LibertyStreet Financial Group. Jim is an active member of the National Reverse Mortgage Lenders Association where he serves on the HUD and Ethics committees. Shawna James has more than seven years of experience building and managing all facets of the reverse mortgage business. Also starting with Seattle Mortgage Company, Shawna first managed the loan servicing division and later ran the companys wholesale division. Later, Shawna joined MortgageIT, a subsidiary of Deutsche Bank, where she developed, implemented, and managed the companys reverse mortgage lending division. Shawna serves as a Director on the NRMLA board, co-chairs the Professional Development Committee and serves on the HUD and Servicing committees. Shawna also serves on several committees with the Mortgage Bankers Association. Todd Ausherman is a real estate attorney and Mortgage Broker with several years of experience in the mortgage business. In addition to being a member of the California State Bar, Todd also founded Prospect Financial Group, a company that specializes in conventional mortgages and the purchase of residential real estate. Todd has a Juris Doctorate degree from the University of San Diego, School of Law. For more information, visit
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