Maverick Funding Expands Reverse Mortgage Network

In Maryland, ""Maverick Funding Corp."":www.maverickfunding.com/ is rolling out a new branch of its subsidiary, Reverse Mortgage Network. Recently announcing the addition of 40 reverse mortgage loan officers from within Baltimore-based ""Great Oak Lending"":www.greatoaklending.com/, Maverick will conduct its expansion during the first two quarters of 2012.

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Great Oak's former CEO, Joshua Shein, will team up with Maverick to lead, manage, and launch ""Reverse Mortgage Network's"":http://reverseandrelax.com/ new location. During the next six months, all 40 employees of Great Oak will transition to Maverick, and the company anticipates that its Maryland operations will be up and running by mid February.

In a company statement, Maverick's CEO, Ralph Vitello, noted that he expects Reverse Mortgage Network to become one of the

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top 10 reverse mortgage lenders in the U.S. In addition to Maverick's current plans for expansion, the company is also introducing wholesale lending offices throughout southeastern and western states.

Shein spoke out on the transaction between Great Oak and Maverick, stating, ""There is tremendous opportunity with Maverick Funding's Reverse Mortgage Network. 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.""

Echoing Shein's positive commentary, Dino Guadagnino, vice president of Reverse Mortgage Network, added, ""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.""

Maverick's president, Mike Petruccelli, also extended his thoughts on the new initiative, saying, ""We are incredibly energized by the growth that both Maverick Funding and Reverse Mortgage Network are experiencing.├âÔÇÜ├é┬áWe're confident that, by providing the right products and outstanding customer service, we will continue to expand the two organizations, their geographic availability, and the offerings we can make available to our clients.""