Mortgage Loan | Maverick Funding Corp. Announces Additional Growth For Reverse Mortgage Network Subsidiary

February 9, 2012 – 6:31 am

Former Great Oak Funding CEO Joshua Shein to join Maverick , launch new Maryland branch of RMN

Parsippany, NJ (PRWEB) February 07, 2012

Shein will launch and manage a Maryland branch of Reverse Mortgage Network. The former Great Oak employees joining Reverse Mortgage Network over the next six months will bring the total number of employees to 50. Maverick anticipates that this team, new to Reverse Mortgage Network, will be fully operational by mid February, 2012. Ralph Vitiello, Maverick Funding Corp. CEO, estimates that Reverse Mortgage Network will, in the near future, become one of the top 10 largest reverse mortgage lenders in the country.

“Phase One of our Reverse Mortgage business officially began in October 2011,” said Vitiello. “Bringing on the reverse mortgage loan officers from Great Oak is part of our overall strategic plan to become a major player in the reverse mortgage space. Reverse mortgages are an important option for seniors, and we are delighted to be in a position to provide them to more people in more locations throughout the country.”

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Dino Guadagnino, Vice President of Reverse Mortgage Network, agrees. “The additional officers, and branch offices, will provide a significantly larger footprint for Reverse Mortgage Network, catapulting the company into a whole new level. We welcome our new colleagues, and are excited about what the future has to hold.”

Shein is also pleased with his new role within Reverse Mortgage Network. “There is tremendous opportunity with Maverick Funding’s Reverse Mortgage Network,” he said. “The company is experiencing rapid growth, the people are terrific to work with, and I’m really looking forward to being part of this group as we move forward providing diversified offerings to seniors in the United States who wish to age in place.”

Maverick Funding Corp. is also introducing a new Southeast Wholesale lending office, which will cover the southeast as well as western states. Patrick Stewart has been named Southeast Wholesale Lending Manager, and his five-person team will be in place in the near future.

“We are incredibly energized by the growth that both Maverick Funding and Reverse Mortgage Network are experiencing,” said Mike Petruccelli, President

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