FHA extends financing for immediate purchase of foreclosed homes

FHA extends financing for immediate purchase of foreclosed homes

June 12, 2008

1st Reverse Financial Services hires new first vice president of client servicesMortgagePress.com1st Reverse Financial Services, Jeanette Heller
1st Reverse Financial Services LLC, a national reverse mortgage
wholesale lender and subsidiary of Wilmington Savings Fund Society
FSB (WSFS Bank), has hired Jeanette Heller as the company's new
first vice president of client services. Heller is a tenured and
highly respected mortgage lending professional with over 25 years
of residential lending experience.
"Correspondents of 1st Reverse will greatly benefit from the
expertise and focus Ms. Heller brings to the Senior Management Team
and to 1st Reverse's commitment to concierge level service for our
customers and business partners," said Ralph Rosynek, president of
1st Reverse.
Heller's responsibilities include all Client Services activities
for 1st Reverse's Wholesale Lending Program including direct
oversight of the company's national operations center.
Before joining 1st Reverse, Heller served as the executive vice
president of a Chicago-based mortgage banker. Prior to this
position, she was the vice president of mortgage banking operations
at Argo Federal Savings FSB where she was instrumental in the
development, growth and management of the bank's residential
wholesale and retail mortgage platform. Additional duties included
managing loan production for the bank's portfolio, sale and
execution into the secondary markets and oversight of warehouse
lending activities. Heller is a HUD Direct Endorsement Underwriter
and has conducted numerous training classes on the topics of
originating, processing, closing and underwriting of conventional,
specialty and government loans programs.
For more information, visit www.1streverse.com.