Why I Started PS Financial Services
I was in training at one of the country’s largest reverse mortgage companies when the CEO said, “We don’t want every loan.” What he meant by this was, “
We will deny the less than perfect borrower and/or property.”
I had difficulty with this concept because I was a front line mortgage loan originator (MLO) who put food on the table by closing every loan possible. I was working hard to bring in that business and help those families in less than ideal situations.
I’ve also helped change people’s lives: people who ran into some type of hardship in retirement whether it be physical, financial or both. Helping these people get out of their situation was incredibly fulfilling and I would fight with all my might to help them get their reverse mortgage.
Now this CEO was telling me I would have to look these retirees in the eye and tell them we can’t help them.
I wasn’t having it.
After 9 months of working for this company, I opened PS Financial Services. I made sure I had a select panel of great appraisers and that I would fight hard to make sure every loan would close. If one lender would deny it, then I would move on to the next, until it closed.
This is why I feel the broker model is the best model for the front line MLO trying to make a living and for the retiree looking for a way to live better after their peak earning years.
Regardless of the growth of my company, this will always remain at the core of our philosophy.
Interested in a reverse mortgage or simply want more information? Give PS Financial Services a call at (888) 845-6630 or via email at
info@PSReverseMortgage.com.