New American Funding Appoints Ellen Skaggs as Reverse Mortgage Regional Manager

TUSTIN, Calif., Feb. 19, 2014 /PRNewswire/ -- New American Funding is pleased to announce that Ellen Skaggs has been appointed Reverse Mortgage Regional Manager.

As a mortgage originator specialist and veteran in the mortgage industry, Ellen has closed more than 3,500 loans over the last 28 years. Over the course of her career she has assisted borrowers in reaching their financial dreams of homeownership and by doing so has originated a vast range of Reverse, FHA, VA and Conventional loans.

Most recently, Ellen's main focus has been Reverse Mortgage and helping Baby Boomers achieve their financial goals. While working at New American Funding, she has headed the Reverse Mortgage division department and will now step into her new role as Reverse Mortgage Regional Manager. While maintaining a full pipeline of personal production of reverse mortgages, Ellen is also an active speaker at industry events, holding workshops and educating real estate agents on the reverse mortgage purchase process. Additionally, Ellen is co-chairman of NAIPC (National Aging in Place Council) of Orange County, CA.

As regional manager, she hopes to expand the division of loan officers and educate the real estate community on reverse mortgages.

"As a full service mortgage banker, we take this division very seriously, and we want to make sure seniors receive the proper education to make informed choices," Ellen said.

About New American Funding

New American Funding is a Fannie Mae, Freddie Mac and Ginnie Mae Direct Seller/Servicer, FHA Direct Endorsement and VA Automatic mortgage lender with approximately 800 employees and a servicing portfolio of over $4.5 billion. The company is licensed in multiple states across the nation, funds more than $300 million a month, and offers a variety of purchase home loan and refinance loan options, including first-time homebuyer programs, Conventional mortgages, FHA, Cash Out, Fixed Rate and Adjustable Rate Mortgages, VA, HARP 2.0, Jumbo Loans, and Reverse Mortgages.

MEDIA CONTACT Jennette Landrum, New American Funding, 1-800-450-2010

SOURCE New American Funding