Reverse Mortgage industry veteran Cecilia Delgado is joining the Maverick Funding Corp. team, the Parsippany, N.J.-based direct mortgage lender recently announced.
Delgado will act as a wholesale account executive for its Reverse Mortgage Network western region, expanding the Maverick Funding third-party originator (TPO) network throughout the west coast. Reverse Mortgage Network is the reverse division of Maverick Funding.
Her Home Equity Conversion Mortgage (HECM) expertise and ability to connect with clients make her standout in the reverse mortgage sector, says Josh Shein, executive vice president of Reverse Mortgage Network, in a news release.
“Cecilia Delgado is the kind of mortgage professional whose track record and values are a good fit with the Maverick Funding culture,” Shein says. “She is very knowledgeable and experienced, and her human skills and emotional intelligence allow Cecilia to be effective with lenders who may be new to the HECM product.”
During her 24 years’ mortgage experience, including 10 with HUD’s HECM program, Delgado has served as loan originator, broker/owner, and now in the wholesale channel. In her previous roles, she worked with HighTech Lending, Cherry Creek Mortgage Company and Security One Lending.
Through her work in the industry, Delgado observed a lack of high-level experience, inspiring her to develop a more humanistic-apporach to training that would bring value to borrowers.
“The HECM reverse mortgage is a potent financial tool when properly understood and applied,” Delgado says in the same release. “That’s why training is my passion, both to benefit the borrower and to ensure the success of lenders that care enough to offer the option.”
Established in 2007, Maverick Funding is licensed in 32 states. In addition to the Ginnie Mae approval, the company currently holds FHA and Fannie Mae approval and has increased its staff from 20 employees at its inception to more than 330 employees to date.
Written by Cassandra Dowell
