The


National
Reverse
Mortgage
Lenders
Association
(NRMLA)
this
week
announced
that
Jonathan
Scarpati,
senior
vice
president
of
wholesale
production
at


Finance
of
America
(FOA),
has
joined
its
board
of
directors
for
the
remainder
of
the
2024
term.

Scarpati
is
a
20-year
reverse
mortgage
industry
veteran,
having
joined

Senior
Lending
Network
in
2003
as
vice
president
of
sales
for
the
company’s
wholesale
and
lead
distribution
divisions.
In
2014,
Scarpati
joined

Urban
Financial
of
America,
the
predecessor
entity
of


Finance
of
America
Reverse
(FAR),
which

is
now
rebranding
under
the
FOA
umbrella.

Scarpati
expressed
excitement
for
his
new
role.

‘’I
am
extremely
honored
to
serve
on
NRMLA’s
Board
of
Directors
for
the
rest
of
the
2024
term,”
Scarpati
said.
“With
over
two
decades
of
industry
experience,
paired
with
the
fact
that
I
have
served
in
a
range
of
sales
and
marketing
roles,
I
have
a
unique
perspective
on
the
inner
workings
of
the
industry,
including
greater
insight
into
what
is
happening
on-the-ground
in
production.

“I
am
eager
to
continue
our
important
work
supporting
the
reverse
mortgage
industry
and
helping
drive
it
forward
so
more
older
homeowners
can
use
their
home
equity
to
live
their
best
life
in
retirement,”
he
added.

NRMLA
President
Steve
Irwin
said
he
is
looking
forward
to
Scarpati’s
contributions.

“I
am
delighted
with
Jonathan
Scarpati’s
acceptance
of
his
nomination
to
the
NRMLA
Board
of
Directors,”
Irwin
said
in
a
statement.
“Given
Jonathan’s
deep
experience
in
the
reverse
mortgage
space,
his
participation
will
enhance
our
Board’s
ability
to
meet
the
unique
challenges
facing
our
industry
and
help
execute
on
our
strategic
imperatives
for
the
reverse
mortgage
industry
of
tomorrow.”

FOA
President
Kristen
Sieffert
also
lauded
the
appointment.

“Jonathan
has
been
at
the
core
of
driving
reverse
mortgage
adoption
and
awareness
for
the
mortgage
industry
for
over
20
years,”
Sieffert
said
in
a
statement.
“His
deep
experience
of
the
category,
coupled
with
his
unique
perspective
of
what
wholesale
partners
need
to
succeed,
make
him
very
well
suited
for
the
NRMLA
Board.

“We
congratulate
Jonathan
on
his
well-deserved
appointment
and
look
forward
to
continuing
to
support
the
work
and
education
needed
to
make
home
equity
for
retirement
a
mainstream
concept.”

Scarpati’s
entrance
comes
on
the
heels
of
a
career
transition
for
FOA’s
Scott
Norman,
who
was

appointed
as
CEO
of
the

Texas
Mortgage
Bankers
Association
(TMBA)
earlier
this
month.
Norman
was
in
his
fifth
term
as
co-chair
of
NRMLA
at
the
time
of
his
appointment,
and
he
previously
served
as
FOA’s
VP
of
field
retail
and
director
of
government
relations.

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