Empowering homeowners 55+ with innovative reverse mortgage solutions

CHICAGO, Nov. 20, 2024 /PRNewswire/ — Rate, a leader in fintech mortgage innovation and known for its customer-centric approach, announces the addition of Jesse Q. Allen as President of its reverse mortgage division and Greg Pahel as EVP Consumer Direct Reverse Lending. Together, Allen and Pahel will lead Rate’s efforts to expand its reverse mortgage business, catering specifically to homeowners aged 55 and above.

These appointments underscore Rate’s commitment to enhancing financial solutions tailored to the unique needs of this demographic, empowering them to leverage their home equity for a more comfortable and secure retirement.

“Jesse brings a wealth of experience and a remarkable track record of success in the reverse mortgage space. His leadership aligns perfectly with Rate’s vision of providing innovative solutions that truly meet the needs of homeowners seeking financial flexibility in retirement,” said Rate CEO Victor Ciardelli. “With Jesse running our reverse mortgage division and Greg establishing and growing our consumer-direct model, we are well-positioned to become a leader in this growing market.”

Allen’s career is distinguished by decades in industry leadership and a proven track record of launching and growing successful teams. He formerly served as President of Reverse at OneTrust Home Loans and brings over 35 years of experience in financial services, including an extensive background in reverse mortgages. Allen has held several senior-level positions at leading financial institutions, including American Advisors Group, and as Head of Bank of America’s reverse mortgage business, which grew from a startup to one of the largest platforms in the history of the industry.

“Rate’s entrepreneurial and innovative culture prioritizes the customer and loan officer at the heart of all operations,” Allen said. “The company’s extensive reach, core values, and brand credibility offer an incredible platform and opportunity to scale and empower more people to live retirement with greater financial freedom and peace of mind.”

Pahel also brings over a decade of experience in reverse lending and is charged with establishing and growing a consumer direct model for Rate. Known for building and executing high-performance sales strategies, Pahel has been a driving force behind some of the industry’s most successful consumer direct sales platforms. Before joining Rate, he served as Head of National Retail Sales at Nations Direct Mortgage and held key leadership roles at prominent financial institutions, including American Advisors Group (AAG), where he consistently exceeded growth targets and led teams to unprecedented levels of performance.

“I am incredibly excited to embark on this new chapter with Rate. Over the next three to five years, I expect to see significant changes in the competitive landscape, with the rankings of the top lenders in the reverse mortgage market up for grabs,” Pahel said. “The companies that embrace innovation, deliver outstanding customer service, and create efficiencies will rise to the top. Rate is exceptionally positioned to be at the forefront of this transformation, allowing us the opportunity to change countless lives with this remarkable loan program.”

For those experienced originators and leaders looking to join our team as we build to become a leading retail reverse lender, please visit https://www.rate.com/careers/loan-officers or contact Eric Hollander, eric.hollander@rate.dot.com, 513-991-6474

About Rate
Rate Companies is a leader in mortgage lending and digital financial services. Headquartered in Chicago, Rate is the #2 retail mortgage lender in the U.S., with over 850 branches across all 50 states and Washington D.C. Since its launch in 2000, Rate has helped more than 2 million homeowners with home purchase loans and refinances. The company has cemented itself as an industry leader by introducing innovative technology, offering low rates, and delivering unparalleled customer service. Honors and awards include Best Mortgage Lender for First-Time Homebuyers by NerdWallet for 2023; HousingWire’s Tech100 award for the company’s industry-leading FlashClose℠ digital mortgage platform in 2020, MyAccount in 2022, and Language Access Program in 2023; No. 2 ranking in Scotsman Guide’s 2022 list of Top Retail Mortgage Lenders; the most Scotsman Guide Top Originators for 11 consecutive years; Chicago Agent Magazine’s Lender of the Year for seven consecutive years; and Chicago Tribune’s Top Workplaces list for seven straight years. Visit https://www.rate.com for more information.

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SOURCE Rate

MONTRÉAL, Nov. 20, 2024 /CNW/ – The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, will participate in the Science and Technology Committee at the NATO Parliamentary Assembly’s 70th Annual Session.

Media are welcome to attend the session in a listening capacity. Minister Champagne will be available to answer questions following the committee.

Date: Sunday, November 24, 2024

Time: 10:00 am (ET)

Location: Montréal, Quebec

A media accreditation form is available on the Session’s Press & Media page. Accreditation must be done before noon on Thursday, November 21, 2024.

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Fifth Annual LegalTech Breakthrough Awards Honor Virtual Law Firm of the Year

BOSTON, Nov. 20, 2024 /PRNewswire-PRWeb/ — OGC, a law firm of seasoned general counsel and senior in-house attorneys who augment corporate legal teams and provide fractional general counsel services to early-stage companies, has been named “Virtual Law Firm of the Year” by the LegalTech Breakthrough Awards. The fifth annual awards recognize the top technology companies, solutions, and products in the legal technology industry today.

“For more than 20 years, long before most law firms even considered the possibilities of working virtually, OGC has been succeeding as a virtual law firm with its unique structure and business-first approach to lawyering,” said Greg Williamson, OGC’s managing partner. “We are thrilled to be recognized for our virtual approach that allows us to customize our offerings to clients on an as-needed basis, while allowing our attorneys to achieve the work-life balance that is so important to professional and personal well-being–and sadly lacking for many attorneys.”

OGC was recognized for its model that allows its partner-level attorneys to tailor services to meet the specific needs of clients, from small-to-medium sized companies without in-house legal support to large enterprises seeking additional bench strength. With no offices to maintain and no billable hour requirements, OGCs can provide the services and solutions their clients need–not what the traditional law firm legal service delivery model demands.

The Legal Tech Breakthrough Awards aims to perform the most comprehensive evaluation of LegalTech tools, services and companies today, with the goal of recognizing the breakthrough solutions.

About OGC

OGC is a unique law firm that offers the relationship and experience of a traditional law firm with the cost savings and speed of an alternative legal service provider. By combining top-notch legal talent and significant business acumen, our OGCs deliver the value and efficiency of an in-house lawyer, without adding to our client’s headcount or sacrificing quality. With a deep bench of talent, OGC serves companies of all sizes either as a fractional general counsel or as a seamless extension to an existing legal department. OGC’s approach is simple: We offer practical legal advice with less over-lawyering. To learn more, visit OutsideGC.com.

Media Contact

Gregory Williamson, OGC, 1 (904) 412-8739, gwilliamson@outsidegc.com, www.outsidegc.com

View original content to download multimedia:https://www.prweb.com/releases/ogc-named-virtual-law-firm-of-the-year-by-legaltech-breakthrough-302306856.html

SOURCE OGC; OGC