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November 7, 2002

Reverse Mortgage Association

Sarah Hulbert of Seattle Mortgage Co. was named co-chair of the National Reverse Mortgage Lenders Association, a Washington, D.C., nonprofit that promotes use of reverse mortgages by seniors. Association members sign a code of ethical conduct. Reverse mortgages allow homeowners older than 61 to take some of the equity back out of their houses tax-free. The association predicts volume will increase by 20 to 25 percent in the coming years as more baby boomers reach the qualifying age and as they learn more about reverse mortgages. Hulbert, who heads national reverse mortgage lending at Seattle Mortgage, entered the reverse mortgage industry in early 1992 as senior marketing rep for Providential Home Income Plan in San Francisco. She joined Seattle Mortgage in 2000. She co-chairs the association with James Mahoney, CEO of Financial Freedom Senior Funding Corp. of Irvine, Calif., the nation’s largest originator and servicer of reverse mortgages.




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