MPA Magazine: The Reverse Revolution

MPAMAG.COM, August 2014 (Issue 8.4) — The reverse mortgage market is lucrative, growing, and finding ways to help seniors when nothing else can. So why are some traditional originators wary of adding reverse mortgages to their product mix? MPA (Mortgage Professional America) sat down with six reverse mortgage experts–including Jonathan Scarpati, Vice President for Wholesale Lending at Finance of America Reverse LLC (FAR)–to talk about growing the industry, attracting new talent and tapping into a market of 10 million homeowners. Read more.







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Jonathan Scarpati Named Vice President of Urban Financial of America’s Wholesale Channel

TULSA, OK (April 2, 2014)—Finance of America Reverse LLC (FAR) has appointed industry veteran Jonathan Scarpati to the company’s newly created position of vice president, wholesale production, overseeing  all of Urban’s account executives. A seasoned reverse mortgage sales executive with more than 10 years of industry experience, Scarpati joined FAR in March 2010. He will continue to report to Sherry Apanay, Chief Sales Officer.

Said Apanay, “Jonathan’s business acumen and leadership skills are equaled by his focus on customer service. As FAR’s top producing account executive for the past three years, it’s a natural transition. ”

Commented Steve McClellan, President of FAR, “We are known for giving our wholesale partners the very highest level of support. Jonathan has demonstrated an outstanding commitment to serving our partners and helping them succeed, and his reverse mortgage knowledge and relationship-building skills are strong assets that our partners will continue to benefit from.”

Prior to FAR, Scarpati was vice president of sales for Senior Lending Network, where he helped grow an industry-leading consumer leads platform as well as the company’s wholesale lending platform. He holds a B.S. degree in Leadership and Consumer Economics from the University of Delaware.

Finance of America Reverse is has been the nation’s number-one wholesale reverse mortgage lender since December 2011, based on trailing 12 months’ endorsement volume, according to Reverse Market Insight.

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About Finance of America Reverse (FAR)

Finance of America Reverse LLC (FAR)—formerly Urban Financial Group—is among the top reverse mortgage lenders in the United States. Its retail division is licensed in 44 states, and its wholesale operation is licensed in 43 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).