Reverse Mortgage Solutions (RMS) has announced that, effective Jan. 1, 2012, Robert D. Yeary will resign from his position as CEO. RMS President Marc Helm will succeed Yeary, who will stay on as chairman of the company's board.
Yeary and Helm were among the founders of RMS in April 2007. The company provides servicing and private-label subservicing technology for reverse mortgage products. The company has since entered the reverse origination sector, announcing earlier this year a new correspondent and retail presence, along with new asset management capabilities for performing and nonperforming forward mortgages.
Prior to helping found RMS, Yeary was president and CEO of Unifirst Financial Corp., and before that, he was with Orion National Equity Corp. and Bomac Capital Corp.