PRMI’s dedicated reverse mortgage center, Steven J. Sless Group based in Owings Mills, Md. , this week announced the appointment of Greg Pahel as retail production manager to oversee direct-to-consumer reverse mortgage production, in addition to leading a subsidiary focused exclusively on reverse mortgages in Arizona.
While Bahl will continue to serve as a builder with his own business book, his responsibilities will expand to include leadership, training and sales support for the Sless Group division of reverse mortgage loan originators. Bahl will act as a mentor to the new builders, while also helping to recruit new reverse mortgage LOs via the PRMI Foundation’s imprint, which he will take care of in conjunction with his duties leading the Arizona chapter.
“After extensive research, PRMI and the Sless Group are delighted to welcome Greg Bahl to our organization,” said department president Stephen J. Sless in a statement announcing the appointment. “His track record of managing elite sales teams, along with his stellar reputation as a top producer and leader in the reverse mortgage industry have positioned Greg as an ideal candidate to take our direct-to-consumer reverse PRMI platform to new heights.”
A veteran of the mortgage industry, Pahel has previously held industry positions at companies such as Federal Savings Bank, Paramount Residential Mortgage Group (PRMG) and American Advisors Group (AAG).
Announcing his appointment, Bahl added, “I look forward to bringing my expertise in applying my skill set across the department to better serve our clients and help transition PRMI and Sless Group into a leader in reverse mortgages nationwide.”
Late last year, PRMI took the step of naming Sless Group as a dedicated reverse mortgage lender hub, further underlining PRMI’s ambition to become the largest nationwide mortgage lender.
The launch of a new branch in Arizona marks the opening of the third regional branch of the exclusive reverse mortgage division under the Sless Group/PRMI umbrella. The division also recently expanded its presence into the Midwest after hiring two dedicated reverse mortgage originators operating from PRMI’s Indianapolis subsidiary, following a similar move earlier in 2021 that marked the expansion into Southern California and the addition of a regional manager in San Diego.