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Wells Fargo Reverse Mortgage loses an industry leader.
Jeff Taylor is a leader in the mortgage industry boasting of almost 40 years mortgage industry experience before recently retiring as head of the Wells Fargo reverse mortgage division. During his tenure with Wells Fargo Reverse Mortgage he was program manager of the Senior Products Group during which time he helped the company become the leader in reverse mortgage origination. He founded Wendover Funding Inc and helped the company become a large provider of sub-prime primary and reverse mortgages. Mr. Taylor is also one of the founding chairperson’s of the National Reverse Mortgage Lenders Associations where he still sits on the Board of Directors. He is a Certified Mortgage Banker and holds a Faculty Fellow Award from the MBA’s School of Mortgage Banking.
Although Mr. Taylor is retired from Wells Fargo Reverse Mortgage division, he officially came out of retirement recently to become chairman of Reverse Market insight. One of the key services RMI provides is reverse mortgage consulting and boast that eight of the top ten reverse mortgage lenders are customers including Wells Fargo Reverse Mortgage. The company was founded in 2007 and there is little reason to question why they chose Taylor. With his track record for creating strength within the mortgage industry, he is one who will help generate enough customers for RMI to help the industry remain strong and productive even in light of a sagging economy. Whether the strength he created within Wells Fargo Reverse Mortgage division will remain now that he is gone remains to be seen; however, having them as customers of RMI will help them maintain some strength.
The reverse mortgage industry itself needs someone who has the ability to keep them moving forward similar to the long time leader of Wells Fargo Reverse Mortgage.
With HUD lowering lending limits on reverse mortgages it’s important to have someone who is still able to find ways to keep the lenders going strong. It takes someone with a great deal of experience and expertise within the mortgage industry to insure continued success. While his retirement from Wells Fargo Reverse Mortgage was short-lived Taylor continues to make an impact on the reverse mortgage industry with his continuing board membership on NRMLA and his job as chair of RMI.
Changes within the reverse mortgage industry require those who have the expertise to stay on top of the latest updates. Other Leader will have to step up like the long time leader of the Wells Fargo Reverse Mortgage division.
Companies that don’t follow the latest trends will be unable to provide their borrowers with the information they need in order to make the right choices. It takes someone with not only strong leadership abilities but also someone who has been in the industry long enough to know where to look for new information and know the importance of getting that information in the hands of lenders and borrowers. Even when those in positions of authority fail to get the information to the public we depend on those who know the industry to have the information as quickly as possible. A person like Jeff Taylor who possesses these traits can ascertain that all reverse mortgage lenders have the most current information just as he provided during his tenure with Wells Fargo Reverse Mortgage.
If you would like more information, please call (866) 683-3690 or visit our website to research a Reverse Mortgage Loan. Thank you for visiting information about Wells Fargo Reverse Mortgage.
Tags: home equity loan, HUD, Reverse Mortgage, Reverse Mortgage Calculator, reverse mortgage loan
