Rate Appoints Ryan Ogata as EVP of Reverse Mortgage Lending
CHICAGO (September 18, 2023) – Mortgage lending veteran and long-time Rate employee Ryan Ogata has transitioned to lead the company’s reverse mortgage division as Executive Vice President of Reverse Mortgage Lending.
Rate is the number two mortgage lender in the nation by market share.*
Ogata, who has worked in the mortgage lending industry for 20 years, will be tasked with super-charging the lender’s reverse mortgage division. “A unique convergence of market forces, including an aging population, resilient home values and a scarcity of inventory, are driving up the demand for reverse mortgages,” said Ogata. “I’m excited for the opportunity to dispel the misperception that these are simply loans of last resort. Rate has long been the leader when it comes to serving as a financial advisor—not just a one-off loan producer. Accordingly, we look forward to spreading the word about the reverse mortgage as a critical financial tool for seniors as part of their overall financial planning.”
A Bay Area native, Ogata has been with Rate since 2017 and was previously the company’s Divisional Manager for the Pacific West region. Before that, he was the Regional Manager for Northern California.
For more information, go to Rate.com.
About Rate
Rate is a leader in mortgage lending and digital financial services. Headquartered in Chicago, the Rate Companies have over 850 branches across the U.S., serving all 50 states and Washington, D.C. Since its launch in 2000, Rate Companies have helped more than 1 million homeowners with home purchase loans and refinances. The company has cemented itself as an industry leader by introducing innovative technology, offering low rates and delivering unparalleled customer service. Honors and awards include: Top Lender for Online Service for 2018 by U.S. News & World Report; Best Mortgage Lender for Online Loans and Best Mortgage Lender for Refinancing by NerdWallet for 2021; HousingWire’s Tech100 award for the company’s industry-leading FlashClose℠ in 2020, digital mortgage platform MyAccount in 2022, and Language Access Program in 2023; No. 2 ranking in Scotsman Guide’s 2022 list of Top Retail Mortgage Lender; the most Scotsman Guide Top Workplaces list for seven consecutive years. Visit rate.com for more information.
*According to Inside Mortgage Finance’s Top Retail Mortgage Originators for 6M2023