Allstate Mortgage announces formation of reverse mortgage divisionMortgagePress.comAllstate Mortgage and Loan Corporation, reverse mortgage, Bobby Gentry, Jim McDermott, FHA, FAMB, FAMB West Coast Chapter
Jim McDermott, president of Clearwater, Fla.-based Allstate
Mortgage & Loan Corporation, has announced the formation of its
Reverse Mortgage Center, working with non-FHA brokers who want to
increase their business and tap into the growing reverse mortgage
market. Allstate is licensed in Florida, Georgia, Alabama, North
Carolina, Tennessee, Virginia and Connecticut, with the ability to
transact FHA-reverse mortgages in Florida, Georgia and Alabama.
Pending are the states of Illinois, Arkansas Indiana, Kentucky,
Mississippi and South Carolina.
Heading up the new nationwide program is Bobby Gentry,
well-known in the reverse mortgage industry and through his
involvement with the Florida Association of Mortgage Brokers and
the National Association of Mortgage Brokers. He is the past
president of the West Coast Chapter of FAMB, serves on the West
Coast Chapter Board of Directors, servers on the FAMB Statewide
Board of Directors and currently serves as Vice Chair of the
Political Action Committee. Bobby brings more than seven years of
reverse mortgage experience as a broker, originator, trainer and
manager in both the retail and wholesale sides to Allstate. He
holds various reverse mortgage certifications from many different
For more information, visit www.allstatemortgageandloan.com.