Generation Mortgage Announces New CEO
FOR IMMEDIATE RELEASE
(Newswire.net -- February 12, 2013) Atlanta, GA -- It is with great excitement that Generation Mortgage Company announces, Colin Cushman has been named as the new CEO and President of Generation Mortgage Company (Generation). Colin joined Generation in July of 2012 as Generation’s Chief Risk and Strategy Officer and has shown great leadership and vision over the last several months. The management team is very excited to have such a great understanding of the industry at the helm and is looking forward to a successful future under Colin’s leadership.
Mark Sohl, Chief Operating Officer, said, “I have never been more optimistic about the future possibilities for Generation Mortgage. Everything is coming together, the leadership team, the systems and the investments in our capabilities and people. The announcement of Colin as our CEO further strengthens our position and future.”
Cheryl MacNally, newly hired Chief Sales Officer, added “Colin Cushman is highly respected as a credible subject matter expert within the reverse mortgage industry. His reputation with HUD, the regulators and the investment community will not only add tremendous value to Generation but to the industry at large. This announcement has confirmed my decision to join Generation was the right one and I am excited to begin.”
Colin has over 10 years of successful government, business, and consulting experience and over 5 years of industry experience managing the credit risk of the Home Equity Conversion Mortgage (HECM) program at the Federal Housing Authority (FHA). He served as FHA's Director of Portfolio Analysis where he was responsible for developing valuation models to support product development, premium pricing, risk management, and operations. In this role, Colin led the design and creation of the new FHA HECM Standard and Saver products, helped shape all policy guidance on the HECM program, and co-authored the paper titled, "Identification of Home Maintenance Risk in Reverse Mortgages."
Colin received his Master’s degree in Resource Economics from the University of Massachusetts, Amherst. His additional achievements include a NRMLA distinguished service award, David L. Boren international graduate fellowship, Howard Hughes fellowship, and top of class honors awards in both undergraduate and graduate school. Colin currently resides in Dunwoody, Georgia with his wife, Simona, and their two children, having relocated from Washington DC in July 2012.
Generation Mortgage Company is proud to have earned the Better Business Bureau’s highest accreditation standard, the A+ rating. The Company has also been recognized by its industry peers for two years in a row with the 2011 and 2012 Reverse Mortgage Daily’s “Best Wholesale Lender” award and the 2011 “Best Industry Spokesman” award, as well as with the 2011 Better Business Bureau (BBB) of Metro Atlanta’s Torch Award for Customer Service and Marketplace Ethics and was the first runner-up for the Torch Award in Community Service.
Generation Mortgage Company is one of the nation’s leading privately owned reverse mortgage retailer and wholesaler in the United States, and a member of the National Reverse Mortgage Lenders Association (NRMLA). With its sole focus on reverse mortgages, Generation Mortgage is known in the industry as offering the “gold standard” in customer service, providing loan servicing for nearly all of its retail and wholesale reverse mortgage loans. Licensed in 48 states and Washington, DC. Generation Mortgage offers FHA-insured HECM (Home Equity Conversion Mortgage) loans, including fixed and adjustable rates, HECM for Purchase, and Generation Mortgage’s proprietary jumbo Generation Plus® reverse mortgage loan.
NMLS #1319; Corporate Office: 3565 Piedmont Rd, NE, 3 Piedmont Center, Ste 300, Atlanta, GA 30305; Arizona Mortgage Banker License #0909296,2190 N. 77th Street, Scottsdale, AZ 85255; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; Colorado, To check the license status of your mortgage loan originator, visit http://www.dora.state.co.us/real-estate/index.htm; In CT, licensed and DBA as Generation Reverse Mortgage, Inc.; Georgia Residential Mortgage Licensee #22292, Generation Mortgage Company, 3565 Piedmont Rd, NE, 3 Piedmont Ctr, Ste 300, Atlanta, GA 30305; Illinois Residential Mortgage Licensee #MB.6760368; Kansas Licensed Mortgage Company #MC.0001660; Massachusetts Mortgage Lender-ML3240; Licensed by the Mississippi Department of Banking & Consumer Finance; Nevada #2970, 907 Tahoe Blvd, Ste 2, Incline Village, NV 89451, Phone # 775-831-0161; Licensed by the New Hampshire Banking Department as Generation Mortgage Company d/b/a Generation Mortgage Company, Inc; Licensed by the N.J. Department of Banking and Insurance, 51 JFK Parkway, Ste 114, First Floor West, Short Hills, NJ 07078, Phone #973-218-2418; Licensed Mortgage Banker- NYS Department of Financial Services; Oregon License #ML-4445, Licensed by the Pennsylvania Department of Banking; Rhode Island Licensed Lender; TEXAS: COMPLAINTS REGARDING A LICENSED RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD BE SENT TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. Licensed by the Virginia State Corporation Commission #MC-4832; Washington #CL-1319; Also conducts business in AL, AR, DC, DE, FL, HI, IA, ID, IN, KY, LA, MD, ME, MI, MN, MT, NC, ND, NE, NM, OH, OK, SC, SD, TN (License #3543), UT, VT, WI, WV, WY. Not all products and options are available in all states. Terms subject to change without notice. ©2013 Generation Mortgage Company. All Rights Reserved. 1/2013
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