HousingWireHousingWire
The National Reverse Mortgage Lenders Association (NRMLA) board of directors is poised to grow by one member. Richard Thorpe, the divisional vice president of CrossCountry Mortgage (CCM)’s reverse mortgage division, was announced Thursday as NRMLA’s newest board member.
The move “underscores CCM’s commitment to advancing its reverse mortgage business and leadership within the industry,” the company said.
Thorpe has more than 30 years of mortgage industry experience. He has held reverse mortgage leadership positions at multiple lenders, including EverBank Reverse Mortgage, MetLife, Security One Lending and Reverse Mortgage Funding (RMF). He served more than eight years as RMF’s national retail sales leader before joining CCM at the start of 2023.
“I’m honored to join the NRMLA board of directors,” Thorpe said in a statement. “The reverse mortgage industry plays a crucial role in empowering seniors to age safely in place and enjoy financial security. I look forward to working with current board members to further the goals of the association and contribute to the growth and success of the reverse mortgage industry.”
NRMLA President Steve Irwin said he was pleased about Thorpe’s appointment.
“I am delighted to welcome Richard to the NRMLA board of directors,” Irwin told HousingWire’s Reverse Mortgage Daily (RMD). “I have known Richard for some time, and his depth of knowledge, combined with this passion for moving our industry forward, will only serve to strengthen our board of directors.”
CCM is recognized as a top 10 retail mortgage lender on the forward side. On the leaderboard of top Home Equity Conversion Mortgage (HECM) lenders for 2024, compiled by Reverse Market Insight (RMI), CCM came in at No. 13 with 295 loans, more than doubling its reverse mortgage volume of 195 loans a year earlier.
The company originated $25.6 billion in mortgages from January to September 2024, up 8.8% compared to the same period in 2023, according to Inside Mortgage Finance estimates.
