TULSA, OK (August 20, 2014) — UFG Holdings, LLC, the holding company of top reverse mortgage lender Finance of America Reverse LLC (FAR), has named Karen C. Tankersley General Counsel. She will lead the legal department for the entire UFG Holdings enterprise and oversee the implementation of new corporate initiatives, corporate governance principles and other legal and regulatory functions.
“Karen brings more than 25 years of legal experience, including in-house financial services firm expertise, to FAR’s businesses,” said Steve McClellan, President of FAR. “Her knowledge of regulatory and investor compliance across mortgage origination and servicing is invaluable as we seek to expand our presence in the market.”
Tankersley joins UFG from Nationstar Mortgage, where she was Executive Vice President and Chief Compliance Officer. Previously she worked for various financial institutions including Aurora Bank FSB, Lehman Brothers, Finance America, LLC and Amresco, Inc. as well as for law firms. Tankersley has a B.A. from Texas A&M University and J.D. from University of Texas Law School.
FAR is licensed in 45 states and Puerto Rico.
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About Finance of America Reverse (FAR)
Integrity, knowledge, and a focus on making the reverse mortgage process as simple as possible: that’s what Finance of America Reverse LLC (FAR), is all about. Founded in 2003, the company is ranked among the top reverse mortgage lenders in the United States; it has been the nation’s number-one wholesale reverse mortgage originator since December 2011, based on trailing 12 months’ endorsement volume.1 FAR’s retail and wholesale divisions are licensed in most states and Puerto Rico. FAR is a proud member of the National Reverse Mortgages Lenders Association (NRMLA), which works to strengthen and safeguard reverse mortgages, and the National Aging in Place Council (NAIPC).
1Source: Reverse Market Insight
FAR131 [Exp 08/2015]