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17 December 2024 December 2024 » Administration (NCUA), where she has served in various capacities related to financial institution supervision. In her current role as Associate Director, Office of Examination and Insurance, she has consistently exhibited exceptional lead- ership in directing a team tasked with de- veloping and executing examination and supervision policies for a diverse array of financial institutions. Her comprehensive expertise in capital, operations, payments, investments, risk management, interest rate risk, liquidity risk, loans (including secondary market activities) and regula- tory compliance has notably enhanced NCUA's supervision capabilities. Nahrwold has successfully over- seen high-priority projects, including congressional responses, rulemakings, and industry training programs. She has offered invaluable guidance on complex risk management and capital markets topics, representing NCUA on key committees such as the Task Force on Property Appraisal and Valuation Equity (PAVE), and Federal Financial Institutions Examination Council (FFIEC) Appraisal Subcommittee (ASC). With more than 20 years as a federal financial institutions regulator and a demonstrated track record of leading people, leading change, driving results, strong business acumen, and building coalitions, Nahrwold will be an asset to the FHFA. Lenders/Servicers RATE ADDS TWO REVERSE MORTGAGE EXECS Rate has an- nounced the addition of Jesse Q. Allen as President of its Reverse Mortgage Division, and Greg Pahel as EVP Consumer Direct Reverse Lending. Together, Allen and Pahel will lead Rate's efforts to expand its reverse mortgage business, catering specifically to homeowners aged 55 and above. These appointments underscore Rate's commitment to enhancing fi- nancial solutions tailored to the unique needs of this demographic, empowering them to leverage their home equity for a more comfortable and secure retire- ment. "Jesse brings a wealth of experience and a remarkable track record of success in the reverse mortgage space. His lead- ership aligns perfectly with Rate's vision of providing innovative solutions that truly meet the needs of homeowners seeking financial flexibility in retire- ment," Rate CEO Victor Ciardelli said. "With Jesse running our Reverse Mort- gage Division and Greg establishing and growing our consumer-direct model, we are well-positioned to become a leader in this growing market." Allen's career is distinguished by decades in industry leadership and a proven track record of launching and growing successful teams. He former- ly served as President of Reverse at OneTrust Home Loans, and brings more than 35 years of experience in finan- cial services, including an extensive background in reverse mortgages. Allen has held several senior-level positions at leading financial institutions, including American Advisors Group (AAG), and as Head of Bank of America's reverse mortgage business, which grew from a startup to one of the largest platforms in the history of the industry. "Rate's entrepreneurial and inno- vative culture prioritizes the customer and loan officer at the heart of all operations," Allen said. "The company's extensive reach, core values, and brand credibility offer an incredible platform and opportunity to scale and empower more people to live retirement with greater financial freedom and peace of mind." Pahel also brings over a decade of experience in reverse lending and is charged with establishing and growing a consumer direct model for Rate. Known for building and executing high-perfor- mance sales strategies, Pahel has been a driving force behind some of the indus- try's most successful consumer direct sales platforms. Before joining Rate, he served as Head of National Retail Sales at Nations Direct Mortgage and held key leadership roles at prominent financial institutions, including AAG, where he consistently exceeded growth targets and led teams to unprecedented levels of performance. "I am incredibly excited to embark on this new chapter with Rate. Over the next three to five years, I expect to see significant changes in the competitive landscape, with the rankings of the top lenders in the reverse mortgage market up for grabs," Pahel said. "The compa- nies that embrace innovation, deliver outstanding customer service, and create efficiencies will rise to the top. Rate is exceptionally positioned to be at the forefront of this transformation, allowing us the opportunity to change countless lives with this remarkable loan program." CORNERSTONE NAMES NEW HEAD OF RETAIL Cornerstone Home Lending, a division of Cornerstone Capital Bank, has announced the promotion of Jay Crowell to the newly created role of President–National Retail Division. Crowell will drive the strategy and continued growth of Cornerstone's national retail and Realtor affiliate sales and operations. Crowell joined Cornerstone Home Lending in 2009, and most recently, served as President of the Pacific North- west Region. He was the company's top originator between 2019-2022, and his team was ranked among the company's top 10 origination teams each year since he joined. "Cornerstone is a mission-based company, and Jay is firmly committed to our mission, vision, and convictions," Cornerstone Home Lending CEO Adam Laird said. "Throughout his 15 years at M O V E R S & S H A K E R S