HomeMortgageReverse mortgage lender gets a new Board of Directors

Reverse mortgage lender gets a new Board of Directors

The leading reverse mortgage lender in Canada, Toronto-based HomeEquity Bank, announced this week the appointment of a new Board of Directors in the wake of its acquisition by the Ontario Teachers’ Pension Plan Board. The deal, which was announced last year and for which terms were not disclosed, closed in July.

“We are excited to welcome a talented and diverse new Board of Directors, who will help drive HomeEquity Bank forward as we challenge stereotypes about the product category and maintain and grow our market leadership,” said Steven Ranson, HomeEquity Bank President and CEO in a statement. “The appointment of the new Board is the next step in our extraordinary growth trajectory, as the importance of our financial solution in helping Canadian homeowners aged 55 plus enjoy a financially secure retirement in the home they love continues to grow.”


Read more at reversemortgagedaily.com

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