Rate Welcomes New Leadership to Transform Reverse Mortgage Division

Rate Welcomes New Leadership to Transform Reverse Mortgage Division

Empowering homeowners 55+ with innovative reverse mortgage solutions is at the forefront of Rate's vision. Recently, Rate announced key appointments that will shape the direction of its reverse mortgage division. With Jesse Q. Allen stepping in as President and Greg Pahel taking on the role of EVP for Consumer Direct Reverse Lending, Rate aims to strengthen its commitment to this important market segment.

Strategic Appointments to Drive Growth

Rate's decision to bring Allen and Pahel into pivotal leadership roles highlights its dedication to expanding its reverse mortgage business. These appointments serve as a clear signal of Rate's focus on developing solutions that cater specifically to the needs of homeowners aged 55 and above, a demographic often looking for reliable avenues to leverage their home equity for a secure retirement.

Expertise in Action

Victor Ciardelli, the CEO of Rate, expressed confidence in the new leadership: "Jesse brings a wealth of experience and a remarkable track record of success in the reverse mortgage space. His leadership aligns perfectly with Rate's vision of providing innovative solutions that truly meet the needs of homeowners searching for financial flexibility in retirement." This sentiment reflects the strong foundation Allen brings from his extensive background in the industry.

A Proven Leader in Reverse Mortgages

With over 35 years of experience, Allen has a distinguished career marked by significant achievements in the reverse mortgage sector. He previously served as President of Reverse at OneTrust Home Loans and has held senior-level positions in renowned financial institutions, including American Advisors Group and Bank of America. His expertise will be critical in leading the reverse mortgage division towards greater heights.

Innovative Culture Driving Change

Allen emphasized the importance of Rate's culture in fostering innovation: "Rate's entrepreneurial and innovative culture prioritizes the customer and loan officer at the heart of all operations. The company's extensive reach and brand credibility offer an incredible platform to empower more people to live retirement with greater financial freedom and peace of mind." Allen's focus on customer experience will likely enhance the company's service offerings.

Building a Consumer-Direct Model

Greg Pahel, who also joins the leadership team, has over a decade of experience in reverse lending. His keen focus on establishing and growing a consumer-direct model for Rate will enable the company to navigate the complexities of the market successfully. Known for developing high-performance sales strategies, Pahel previously held key positions at Nations Direct Mortgage and American Advisors Group, where he consistently surpassed growth targets.

A Vision for the Future

Looking to the future, Pahel shared his perspective on the evolving landscape of reverse mortgage lending: "I expect to see significant changes in the competitive landscape. Companies that embrace innovation and deliver outstanding customer service will rise to the top. Rate is exceptionally positioned to be at the forefront of this transformation, allowing us to change countless lives with this remarkable loan program." This insight reflects a promising outlook for Rate's future initiatives.

Join a Growing Team

As Rate continues to expand its operations, it invites experienced originators and leaders to join its mission in becoming a leading retail reverse lender. Interested candidates can reach out to Eric Hollander for opportunities that align with their career goals.

About Rate

Rate Companies is a leading name in mortgage lending and digital financial services, recognized for its customer-centric approach. With over 850 branches across the United States, Rate stands as the #2 retail mortgage lender. Since its inception in 2000, the company has helped over 2 million homeowners navigate their home loan needs. Rate's innovative technology and dedication to customer service have earned it numerous accolades, including recognitions from NerdWallet and HousingWire.

Frequently Asked Questions

What are the key appointments made by Rate?

Rate has appointed Jesse Q. Allen as President and Greg Pahel as EVP Consumer Direct Reverse Lending.

What is Rate's focus with these new appointments?

Rate aims to enhance its reverse mortgage solutions tailored for homeowners aged 55 and older, effectively leveraging their home equity.

What experience does Jesse Q. Allen bring to Rate?

Jesse Q. Allen has over 35 years in financial services with a strong background in reverse mortgages from leading roles at OneTrust Home Loans and American Advisors Group.

How does Rate plan to innovate within the reverse mortgage market?

Rate intends to focus on customer experience and innovative strategies, aiming to lead the market with superior service and new solutions.

How can individuals join Rate's growing team?

Interested candidates can reach out to Eric Hollander for opportunities at Rate, which is looking to expand its team significantly in the coming years.

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