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The reverse mortgage division of Fairway Independent Mortgage Corp. has honored a longtime skilled in its ranks with a lifetime achievement award, in recognition of his 40-year profession within the mortgage banking, real estate, homebuilding and title insurance industries.
Pete Stebbins, 90, initially joined Fairway in 2012 and presently works as director of enterprise growth within the firm’s Madison, Wisconsin, workplace. The corporate stated that Stebbins has been “instrumental in connecting reverse mortgage originators with key trade companions,” together with actual property brokers, monetary planners and builders.
“His relentless dedication to relationship-building and assist for his teammates has profoundly influenced the reverse mortgage panorama in Dane County and past,” the corporate defined.
Stebbins shares his enthusiasm for the reverse mortgage product class by serving on the board of administrators for a number of organizations, together with native chapters of actual property agent and mortgage associations. He presently serves on the board of the Wisconsin State Mortgage Bankers Affiliation and he has additionally volunteered time for Habitat for Humanity.
Stebbins has noticed varied modifications to the reverse mortgage trade all through his profession and he sees extra change on the horizon.
“Regulatory reforms have made reverse mortgages safer and extra consumer-friendly,” Stebbins stated. “I consider the following 5 to 10 years will deliver even higher innovation and acceptance of this helpful instrument.”
Stebbins — known as “Pistol Pete” by his colleagues — was additionally lauded by Dan Ventura, Fairway’s president of reverse lending.
“Pistol’s achievements are solely outshined by his kindness and generosity. This award is a real reflection of his excellent profession and the optimistic influence he’s made,” Ventura stated.
Stebbins was offered with the award by Josh Kilty, Fairway’s senior vice chairman of reverse lending.
