Real estate appraisal, valuations, HOA, commercial trustee services and REO asset management company the LRES Corporation has appointed H. Marc Helm to serve on its board of directors. Helm, who previously co-founded and served as the president and CEO of Reverse Mortgage Solutions (RMS) from 2007 to 2013, at one time saw that company grow into the largest Ginnie Mae HMBS issuer and one of the biggest originators of reverse mortgages in the United States.
“We are beyond thrilled to welcome Marc to our board,” said Roger Beane, founder and CEO of LRES in a statement announcing the appointment. “His expertise in nearly all areas of the mortgage process is extraordinary.”
Helm is a 43-year veteran of the financial services and mortgage banking industries, currently serving as a partner with Transformation Mortgage Services (TMS) as well as president and CEO of ReverseAmerica Advisors, Inc. (RAA). Prior to TMS and RAA, Helm in 2012 helped to facilitate the sale of RMS to Walter Investment Management Corp. for $120 million, and left the company the following year to pursue other interests.
Helm also previously served as managing director of Mortgage Consultants of America after serving for 10 years as SVP for mortgage operations at Washington Mutual. Helm’s experience also extends further to executive positions at institutions such as Bank United, Barron Financial Group, North American Mortgage Company and Gibraltar Savings Association, as well as service in the United States Armed Forces during the Vietnam War.
His arrival to LRES stems from a place of familiarity, according to Helm.
“I have known Roger [Beane] for 20 years,” Helm said in a statement. “He has continued to build his company, his team and reputation. I am delighted to formally become a part of LRES and lend my hand where possible to this thriving company.”
Upon initially leaving RMS in 2013, Helm described the potential he saw in front of the reverse mortgage industry at that time.
“It’s a great place to be, but that does not mean it will be without challenges,” he told RMD Founder John Yedinak in 2013. “The reverse mortgage industry, although 25 years old, is still just a toddler. We all have a great opportunity to help shape the future of the industry and specifically product development.”
