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Top Industry Execs Join Retirement Funding Solutions

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Retirement Funding Solutions Hires Entrekin & Behnke

Retirement Funding Solutions, the Reverse Mortgage Division of Synergy One Lending, has established itself as a leader in the Reverse Mortgage Industry by hiring two proven executives that meet the firm’s 4 Core Values. Mr. David Entrekin will serve as Chief Operating Officer and will be responsible for oversight of both Operations and Credit. Ms. Rhiannon Behnke will serve as a Managing Partner of the Firm and will head up RFS’ TPO Group.

Both Entrekin and Behnke come with a long history of growing businesses, most recently within the reverse space as they were significant contributors to Security One Lending’s growth.

Entrekin served as Security One’s Chief Credit Officer from 2010 to 2014. Security One Lending’s default record was superior to its peers. In fact its default rate was less than half of the sample pulled from a large reverse mortgage servicer. Entrekin was also involved in several committees and headed up the Credit Committee, which set lending standards for the organization.

“The corporate culture at Retirement Funding is appealing to me. The organization and its leaders believe in operating values that are aligned with my own personal values, which is fulfilling”, stated Entrekin. “Additionally, the firm has experience in managing through rapid growth without sacrificing its customer service standards. This fact is unique to large and more bureaucratic organizations.”

Behnke will take over the reins of RFS’ TPO business and expects to account for 40% of the firm’s overall volume at the end of 2015. RFS will be “highly selective” in partnering with well run, compliant oriented Brokers and Bankers and work with them on strategic marketing plans that will meet the requirements for success, post FA.

In fact, Ms. Behnke was one of the first full time employees that Security One Lending hired in early 2007. Rhiannon was also head of S1L’s charitable arm, Community One.

“The opportunity for me to build again with such a well- known and respected team of leaders is perfect at this stage of my career”, explained Behnke. “The reverse mortgage business has changed so much during the past 3 years, and it is the opportune time to help other brokerage firms succeed in this environment. I look forward to this next run.”

About RFS

Retirement Funding Solutions is an operating Division of Synergy One Lending and currently lends in 8 states with license applications pending in 12 additional states. The firm offers a diversified mix of reverse and forward products through a variety of distribution channels, including retail, consumer direct, and wholesale to support its lending efforts. Synergy One Lending is a FHA and VA Approved Lender and is based in San Diego, Calif.

For more information on Synergy One Lending, visit www.s1lending.com. For more information on Retirement Funding Solutions, visit at www.rfslends.com

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Editor in Chief: HECMWorld.com
 
As a prominent commentator and Editor in Chief at HECMWorld.com, Shannon Hicks has played a pivotal role in reshaping the conversation around reverse mortgages. His unique perspectives and deep understanding of the industry have not only educated countless readers but has also contributed to introducing practical strategies utilizing housing wealth with a reverse mortgage.
 
Shannon’s journey into the world of reverse mortgages began in 2002 as an originator and his prior work in the financial services industry. Shannon has been covering reverse mortgage news stories since 2008 when he launched the podcast HECMWorld Weekly. Later, in 2010 he began producing the weekly video series The Industry Leader Update and Friday’s Food for Thought.
 
Readers wishing to submit stories or interview requests can reach our team at: info@hecmworld.com.

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