Baltimore, MD (PRWEB) November 17, 2009 — Next Generation Financial Services (NGFS) today announced that Robert Cannon has joined NGFS as its Chief Executive Officer. Cannon succeeds acting President Richard Pitbladdo, who will continue with NGFS as its Chief Financial Officer.

As an attorney, Cannon has advised banks, bank regulators and individuals, especially regarding Home Equity Conversion Mortgages, commonly known as “HECMs”. He has overseen nearly 2,000 reverse mortgage closings. Prior to joining NGFS, Cannon was a principal of The Equitas Group, a group of companies he founded that develop private label reverse mortgage programs for community banks and conduct reverse mortgage title closings. Cannon is also a Lecturer at Suffolk University’s Sawyer Business School in Boston.

“Rob is an ideal fit for NGFS,” said Daniel Schmedlen, General Counsel for NGFS parent company LTC Global, Inc. “He has comprehensive knowledge of the increasing regulatory compliance demands the industry faces and has experience in improving the operational efficiency and service quality of reverse mortgage operations, particularly through automation of workflow processes. Cannon has a solid vision of where the industry is heading and how NGFS can play a leading role.”

About NGFS NGFS, headquartered in Baltimore, is a national distributor of reverse mortgage products. NGFS was founded in 2001 and currently operates as a division of 1st Mariner Bank.

This entry was posted on Tuesday, November 17th, 2009 at 2:34 pm and is filed under Reverse Mortgage News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.