Industry veterans join leadership teams to scale reverse lending and employer-based mortgage benefits
Two mortgage companies have tapped seasoned leaders to take on expanded roles as the industry gears up for increased housing activity this year.
FAR chief production officer
Jonathan Scarpati (pictured left) has been promoted to chief production officer at Finance of America Reverse (FAR), a move that brings both retail and wholesale production under one executive. The promotion comes as the company looks to sharpen its structure and push for broader adoption of reverse mortgages as a mainstream retirement tool.
Scarpati, a 15-year veteran at FAR, previously served as senior vice president of wholesale production, where he led a team consistently ranked among the top-producing originators in the reverse mortgage space.
“Jonathan has been at the core of driving reverse mortgage adoption and awareness in the industry for over 20 years, and we’re excited to extend his leadership abilities to accelerate performance as we modernize our brand and expand our reach,” FAR president Kristen Sieffert. “This promotion is a direct reflection of his dedication, expertise, and passion.”
In his new position, Scarpati will manage both sales channels and coordinate with operations to improve performance and expand the company’s market reach.
He currently sits on the board of directors for the National Reverse Mortgage Association and previously worked in wholesale and lead distribution at Senior Lending Network/Lender Lead Solutions. His appointment follows several other recent leadership additions at FAR and its parent company, Finance of America Companies Inc.
Multiply Mortgage head of originations
Multiply Mortgage, a financial technology company offering mortgage products through employer benefit programs, has hired Karen Mayfield (pictured right) as national head of originations.
In this role, Mayfield will lead the company’s team of mortgage originators and support growth through innovative outreach strategies.
With more than 25 years of industry experience—including leadership roles at Citi, Chase, Wells Fargo, and most recently as SVP at Guaranteed Rate Affinity—Mayfield brings deep knowledge of both traditional lending and team development. She oversaw originator teams across Northern California, Hawaii, Nevada, Oregon, and Washington in her previous role.
“Multiply Mortgage is taking such a novel approach to mortgages,” Mayfield said in a Press release. “I look forward to investing in and scaling our team of originators to meet the growing demand for Multiply’s offerings as homebuying activity accelerates this year.”
As part of its strategy, Multiply enables originators to connect homebuyers directly with vetted local agents, adding value at the point of purchase. Mayfield’s leadership is expected to help expand this model as the company focuses on delivering personalized client service and competitive pricing.
“Karen’s deep experience and strong leadership will help Multiply Mortgage as we enter a period of rapid growth marked by a dramatic increase in demand for mortgage-as-a-benefit,” said Michael White, CEO and co-founder of Multiply Mortgage. “Employers want to offer current and future employees additional support for the biggest purchase of their lives.”
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