In a significant move within the reverse mortgage industry, David Peskin, a seasoned professional with a history at Senior Lending Network and Reverse Mortgage Funding (RMF), has acquired an ownership stake in HighTechLending (HTL), a top-tier reverse mortgage lender. Peskin will be leading the company’s expansion efforts alongside Erika Macias, co-owner and Chief Operating Officer.
Peskin, who initially joined HTL in early 2023 as President, along with Eric Ellsworth as EVP of reverse sales, discussed the timing and motives behind transitioning into an ownership role. The opportunity arose following the unexpected passing of Don Currie, HTL’s founder. “Don had intended for me to gradually buy out his shares,” Peskin shared with RMN. “His passing, however, precipitated a period of uncertainty, which we’ve now resolved with a definitive agreement to acquire 100% of the estate’s shares, pending regulatory approval.”
Looking ahead, Peskin is focused on diversifying HTL’s product offerings beyond traditional reverse mortgages. “The closure of RMF was a shock, but it underscored the importance of offering a broader range of solutions to seniors,” Peskin noted. His vision includes integrating various financial products to better address the needs of older homeowners, a strategy that aims to enhance their ability to leverage home equity for a secure retirement.
HTL, under Peskin’s leadership, plans to continue expanding its range of services, not limited to reverse mortgages. “We’re positioned to offer a comprehensive suite of products that cater to the diverse needs of our clients,” Peskin explained. This strategic direction not only aims to provide flexibility for clients but also supports the professional growth of HTL’s staff by fostering a culture of innovation and customer-centric service.
Peskin’s return to an executive role and his new stake in ownership at HTL marks a pivotal chapter for the company, as it seeks to adapt and grow in a dynamic market environment. The approach aims to balance current industry trends with the evolving needs of America’s aging population, ensuring that HTL remains at the forefront of the reverse mortgage sector.
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David Peskin’s move to acquire an ownership stake in HTL is a game changer for the industry.
His experience at RMF and the Senior Lending Network brings a wealth of knowledge that should help HTL innovate and expand their product lines. Excited to see how this impacts our options for clients, especially with the aim to diversify beyond traditional reverse mortgages.
It’s reassuring to see HTL taking strong steps forward after Don Currie’s passing. I’ve had a reverse mortgage with them for a few years now, and knowing that they are planning to broaden their offerings under Peskin’s leadership is comforting.
It sounds like they’re really thinking about what we seniors need to secure our retirements… FTW!
This is an intriguing development for HighTechLending. David Peskin’s leadership could drive significant innovation in how reverse mortgages are presented and managed. The focus on diversifying financial products can open up many doors for our senior clients who need more than just a traditional reverse mortgage to feel financially secure in retirement.