Mid America Mortgage has hired Dennis Loxton as national sales manager in its reverse mortgage division. Loxton will be responsible for recruiting top-tier loan officers to join his department.
“Mid America strives to provide loan products that serve all types of borrowers,” Mid America owner and CEO Jeff Bode said in a release. “Senior homeowners comprise a large majority of the market but are often overlooked when it comes to mortgage products that meet their unique needs. Adding Dennis Loxton only deepens the bench strength and level of experience in reverse mortgages Mid America has cultivated in the reverse mortgage arena, and on behalf of the entire company, I’d like to welcome him to the Mid America family.”
Loxton is a veteran of the reverse mortgage industry. Prior to joining Mid America, he was the regional vice president at Liberty Reverse Mortgage, where he oversaw the Eastern wholesale division. Additionally, he was the regional sales director at American Advisors Group, where he provided personalized solutions and serve to provide borrowers with the best financial outcomes in retirement. Loxton also held positions at Liberty Home Equity Solutions, Success Mortgage Partners, First Century Bank, Sun West Mortgage Company and VirtualBank.
Loxton’s other endeavors include founding a continuing education school for attorneys, financial advisors, and real estate agents; holding a certified financial planner designation; and launching and distributing an email newsletter about the reverse mortgage industry for the financial services and mortgage industries.
“Reverse mortgages are a great option for senior homeowners looking to leverage their home’s equity in retirement, but not every lender is prepared to offer these highly complex and often misunderstood loan products,” Loxton said. “Mid America understands how reverse mortgages can be used to meet the unique financial needs of senior homeowners and has equipped its loan officers with the necessary tools to meet their clients’ needs across all stages of the homeownership lifecycle. I am thrilled to be joining such an innovative, forward-thinking company and look forward to expanding its footprint in reverse mortgages nationwide.”