Eric Ellsworth to Lead Western Sales for Reverse Mortgage Funding – NMP Skip to main content

Eric Ellsworth to Lead Western Sales for Reverse Mortgage Funding

Nov 05, 2014

Reverse Mortgage Funding LLC has announced that it has hired Eric Ellsworth as western regional sales leader for retail distribution, where he will execute on RMF’s plan to drive sales growth in the western states. Ellsworth has a strong history of building and optimizing sales teams, particularly in the reverse mortgage industry. He will leverage that experience as he completes the RMF national sales team by hiring approximately 20 western state agents by the end of the year.

As a strategic hire and critical component of the sales team, Ellsworth will report to Richard Thorpe, RMF national retail sales channel leader. Thorpe was brought on earlier in 2014, and the hiring of Ellsworth completes his management team.

“For the past few months we have been building and then fine tuning all the behind the scenes initiatives that enable a sales team to be successful,” said Thorpe. “With our back end optimized and our East Coast team hired, trained and producing, we can now execute on our West Coast phase.”

The agents in the western region will be an integral part of executing the company’s ambitious business plan. RMF’s Eastern Region sales team comprises some of the most respected, productive sales leaders in the reverse mortgage industry. The company is now seeking similarly accomplished and proven reverse mortgage sales leaders to join this high performing team.   

“Eric is a great talent and we are lucky to have his help driving our rapid growth,” said Thorpe. “We have truly been fortunate to attract some of the best, most experienced talent in the industry and we hope to continue that success.”

Ellsworth will leverage his strong history of building sales teams as he begins hiring in several large metros.

“I’m looking forward to replicating that success out West and working with this world-class team,” said Ellsworth. “There were several motivators for me. I’m impressed with the huge effort the company made in the operations side of the business. That investment will give me the ability to attract the industries top advisors. Also, RMF’s turn times are short and the process is very efficient."

Prior to joining Reverse Mortgage Funding, Ellsworth was divisional sales manager at Liberty Home Equity Solutions. He has been in the mortgage industry since 2001 and transitioned into the reverse mortgage industry in January 2008.

About the author
Published
Nov 05, 2014
More from
Reverse
Reverse Mortgage Borrowers Are Showing Up Too Late

GreenPath data suggests more seniors are arriving later in the financial cycle, limiting flexibility for loan structuring

Apr 22, 2026
HECM Volume Rebounds In March But Signals Persisting Reverse Mortgage Slowdown

Endorsements rise month over month, but flat annual volume and growing proprietary competition reshape opportunity for LOs

Apr 07, 2026
Finance Of America Launches Second-Lien Reverse Mortgage Amid Rate Lock-In Demand

New HomeSafe second line of credit targets equity-rich homeowners seeking access to cash without refinancing into higher rates or taking on monthly payments

Apr 02, 2026
Mortgage Cadence Exec George Morales Joins NRMLA Board

George Morales, National Sales Director at Mortgage Cadence, has been elected to the NRMLA Board of Directors, where he will help guide reverse mortgage industry policy, modernization, and consumer-focused innovation

Dec 05, 2025
MBA Proposes Changes To Stabilize The Reverse Mortgage Market

The Mortgage Bankers Association has urged the FHA and Ginnie Mae to modernize and overhaul the HECM and HMBS programs to expand senior access, cut costs, and restore market liquidity

Dec 01, 2025
Finance Of America To Acquire PHH’s Reverse Mortgage Assets

PHH has agreed to sell reverse mortgage servicing rights, comprised of approximately 40,000 Ginnie Mae HECM loans, with an unpaid principal balance of $9.6 billion, as PHH becomes the subservicer for the reverse MSRs under a three-year agreement

Nov 18, 2025