Skip to main content

Ellen Skaggs Joins New American Funding as National Reverse Production Manager

National Mortgage Professional
Nov 03, 2015
New American Funding has announced the appointment of Ellen Skaggs as national reverse production manager

New American Funding has announced the appointment of Ellen Skaggs as national reverse production manager, where she plans to expand the company's Reverse Mortgage Division nationwide. Skaggs is a seasoned professional in the mortgage industry and has closed more than 3,800 loans over the last 31 years. She has originated a range of reverse, FHA, VA and conventional loans to assist borrowers in reaching their financial dreams of homeownership.

Skaggs has also been actively involved in the National Aging in Place Council (NAIPC) Orange County Chapter. The NAIPC is a senior support network founded on the belief that the majority of older Americans want to stay in their homes for as long as possible. She co-chaired the committee that initiated the chapter, and is now chairman of NAIPAC. She is committed to helping Baby Boomers achieve their financial goals.

She is also an active speaker, holds regular workshops and educates real estate agents on the reverse mortgage process, while maintaining a full pipeline of personal production of reverse mortgages.

Nov 03, 2015
More from
HECM Endorsements Plummet More Than 14 Percent

Home equity conversion mortgage endorsements plummeted 14.3% in August 2021 to 3,679 loans.

Sep 14, 2021
Reverse Mortgages Aren't Expanding Into Broader Mortgage Business

The reverse mortgage sector has remained strong accounting for more than 4,000 loans a month, according to Reverse Mortgage Daily, however, growing the business further has been on the back burner.

Jul 28, 2021
FHA Adds COVID-19 Recovery Options For Forward And Reverse Borrowers

The Federal Housing Administration announced additional COVID-19 recovery options to help both forward and reverse homeowners who are facing hardships as a result of the pandemic.

Jul 26, 2021
RMF Revamps Its Borrower Qualification Process To Increase Efficiency

Reverse Mortgage Funding, LLC (RMF) is taking a new approach to the borrower qualification process for those seeking a reverse mortgage. The process was created to drive efficiency during the approval process and increase reverse mortgage market growth.

Jul 20, 2021
Reverse Mortgage Endorsements Slide By More Than 4 Percent In June

Reverse mortgage endorsements decline by 4.4% to 4,160 loans, increasing the streak of more than 4,000 loans per month, according to Reverse Mortgage Daily.

Jul 06, 2021
Liberty Reverse Mortgage Becomes Full Service Reverse Lender Following RMS Acquisition

Last week Ocwen Financial Services announced the acquisition of Reverse Mortgage Solutions. In a recent interview with Reverse Mortgage Daily, Mike Kent shared how the acquisition will affect the company.

Jun 22, 2021