FHA extends financing for immediate purchase of foreclosed homes

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.