"I've known HighTech over the years, back when Don Currie was running the company. And I've been in the reverse mortgage industry for a very long time, so HighTech was a name I knew quite well. Really, I started getting to know them better as David Peskin joined and some of my old colleagues did too. I kind of knew Kevin Blakeney, who was working on their call center."
"I had seen some interesting things happening there that were not just reverse-related. They had rolled out the EquitySelect product, which I thought was a unique offering in the mortgage space in general. While they have forward and reverse mortgages, and they have some branches, they really wanted to lean into growing the branch channel and the outside loan officer channel in general."
Paul Fiore joined HighTechLending to apply decades of reverse mortgage and mortgage-industry experience toward company growth. HighTechLending offers forward and reverse mortgages, branches, and the EquitySelect product, including a new second-lien EquitySelect variant. Fiore plans to focus on expanding the branch channel and the outside loan officer channel, leveraging his history leading large sales teams and building businesses from ground up. Early priorities include deep-diving into products, operations, and channels to understand strengths and opportunities. The company aims to scale from a relatively small base into a substantially larger business by combining product innovation with sales and branch expansion.
Read at www.housingwire.com
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