San Diego, CA, November 21, 2022 – Finance of America Reverse (FAR), a leading retirement solutions company, today announced that Scott Norman, vice president of field retail and director of government relations, has been re-elected as co-chair of the National Reverse Mortgage Lenders Association (NRMLA) 2022-2023 Board of Directors. Norman was unanimously re-elected to the position by the Board of Directors and this will be his fourth consecutive term serving as co-chair since 2018. He first joined the NRMLA Board of Directors in 2012 after holding other roles in the reverse mortgage and mortgage banking industry in Texas.
“We continue to be extremely proud of Scott’s advocacy for the reverse mortgage industry,” said Kristen Sieffert, president of FAR. “His guidance, support and tireless efforts remain crucial to helping raise awareness of reverse mortgages. We look forward to continuing our relationship with Scott and NRMLA, and helping more people better understand how to use their home equity to unlock the possibilities in retirement.”
“I’m honored to continue our vital work to support the reverse mortgage industry as co-chair,” said Norman. “With major strides in expanding reverse mortgage education in recent years, I believe there’s potential to grow this industry even further as we continue innovating and introducing new, proprietary products.”
As NRMLA’s co-chair, Norman will continue to support the organization’s strategic initiatives, provide guidance and support for priority objectives, and find more ways to educate policymakers, financial advisors and the public at large about the benefits of tapping into home equity.
Norman’s career in the reverse mortgage industry spans nearly three decades. Notably, he led the original campaign to amend the Texas Constitution to authorize reverse mortgages in the state in 1999, when he founded the Texas Association of Reverse Mortgage Lenders. He later led three additional successful efforts to expand reverse mortgages in Texas through the constitutional amendment process. A former originator, Scott closed the very first reverse mortgage loan in Texas in 2000. His success was acknowledged in 2017 with the Larry E. Temple award for his exceptional leadership to the mortgage banking industry in Texas – the highest honor the Texas Mortgage Bankers Association can bestow to one of its members.
Sloane & Company