TotalChoice Takes A Leap Into The reverse Mortgage Business

February 26, 2019

Ohio-based TotalChoice Mortgage has decided to jump into the Home Equity Conversion Mortgage business. Along with the announcement last week, the company also hired new personnel to add to an existing reverse mortgage team, according to a recent report.


"To help facilitate their entry into the reverse mortgage business, TotalChoice announced the hiring of David Weinstein, area sales manager for the Five Point Lending team to oversee HECM loan origination for TotalChoice’s new, dedicated reverse mortgage division," according to Reverse Mortgage Daily

Weinstein brings seven years of experience in the HECM field and stated that he was passionate about the core values of the product. 


"The opportunity to serve the HECM clientele, the referral partners we work with every day, and most importantly the positive effect this product has on the families continues to drive me forward," said Weinstein, according to RMD


TotalChoice Mortgage is choosing a path that is a bit in the opposite direction of some companies. Many reverse mortgage companies have been training their personnel to handle forward products as well.


Though, the grand plan in both situations remains the same. Diversification has been an active trend in 4Q 2018 and 1Q 2019. 


To learn more about TotalChoice Mortgage's plan moving forward, click on the image above


Share on Facebook
Share on Twitter
Please reload

Recent Posts

Please reload

Featured Posts

Gateway First Bank Expands With 34 New Mortgages Centers Across The Country

January 8, 2020

Please reload

Follow Us

  • Grey Facebook Icon
  • Grey Twitter Icon
  • Grey Facebook Icon
  • Grey Twitter Icon

 Stay updated on the latest news, tips, and event info in the mortgage industry. 

© American Business Media, LLC.